Australian Dollar Technical Outlook

Published September 22nd, 2008 - 06:39 GMT
Al Bawaba
Al Bawaba

The AUDUSD continues to advance and a return to .8750/.88 is still expected over the next several weeks. 



The advance from .7799 is impulsive and probably wave A of an A-B-C zigzag.  A wave B decline should begin soon and bring price back to at least .8280 before strength resumes.