Australian Dollar Technical Outlook

Published September 2nd, 2008 - 06:24 GMT
Al Bawaba
Al Bawaba

The AUDUSD is in a 5th wave (similar to the EURUSD).  Specifically, the pair is falling in wave iii of 5.  



A bounce in wave iv should find resistance at .84 (or just below).  The trend is down as long as price is below .8532/