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AUD/USD Classical Technical Report 04.27

By Joel Kruger, Technical Strategist
27 April 2012 07:55 GMT
Daily_Classical_AUDUSD_body_aud.png, AUD/USD Classical Technical Report 04.27

AUD/USD: Our bearish outlook in this market is being reaffirmed with the latest pullback from the mid-1.0400’s and we continue to project deeper setbacks over the coming days and weeks back below parity. A fresh lower top now looks to be carving by 1.0465 but only back above 1.0640 would delay and give reason for concern. From here, look for the latest break and close back below 1.0300 to open the next downside extension towards 1.0000 over the coming sessions.

--- Written by Joel Kruger, Technical Currency Strategist

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27 April 2012 07:55 GMT