Australian Dollar Technical Outlook

Published July 16th, 2008 - 04:49 GMT
Al Bawaba
Al Bawaba


Yesterday we stated that,  “While we do expect a test of 1.00 at some point, we think it wise to exit at the confluence of this fibo extension (.9815) / long time parallel channel line. “ Today’s consolidation near 9750 suggests that for time being the pair has run out of steam

STRATEGY: EXIT