Australian Dollar Technical Outlook

Published February 4th, 2008 - 09:50 GMT
Al Bawaba
Al Bawaba



The spike low on 1/30 at .8817 may have completed a small 2nd wave within a 5 wave advance from .8512. As such, wave 3 is probably underway now. Look to get long on pullbacks. Potential support is at .8969 and .8941. Risk should be kept to .8817.