Australian Dollar Tests Critical Support

Published December 14th, 2007 - 06:41 GMT
Al Bawaba
Al Bawaba

Commentary:  The AUDUSD has collapsed (as have most currencies against the USD), and our favored count is no longer.  The pair is testing support near the .8650 level and a break would give way to the 50% of .7673-.9400 at .8537.  Once the pattern clears up, we will publish our thoughts on it here.   


Strategy: Flat