Australian Dollar Nears 200 day SMA

Published December 19th, 2007 - 05:55 GMT
Al Bawaba
Al Bawaba

Commentary:  The AUDUSD continues to slide and is likely to continue lower until at least a support shelf which begins with the 200 day SMA at .8517.  The next potential support levels are the 61.8% of .7670-.9400 at .8331.  We will look for a bottom and reversal near there.   


Strategy: Flat