Australian Dollar Technical Outlook

Published April 9th, 2008 - 04:53 GMT
Al Bawaba
Al Bawaba

There is no change to the count that we outlined yesterday.  “We are treating the decline from .9470 (which was a truncation) as a series of 1st and 2nd waves. 



This bearish count remains valid as long as price is below .9353.  The sharp drop from just below .93 presents a shorting opportunity against .9353.”