Commentary: The Aussie remains above our 8682 support level but is becoming more precarious by the momemt. A break of the 8682 exposes the move to a text of 8500. On the upside the pair faces the downward sloping trend line and the pressure of lower highs set on 1/15/08. We remain long but the damage to the bull case has been considerable.
Strategy: Bullish
Al Bawaba
