Chinese EspaƱol Thu, 28 Aug 2008
head-search-back
News Calendar Charts Currency Rooms Forum Forex Trading Signals

advertisement

Australian Dollar Technical Outlook

Monday, 14 July 2008 14:43:25 GMT

Written by Jamie Saettele, Technical Currency Analyst

We wrote on Thursday that a wave 2 correction is probably complete at .9475 and that a bullish bias was warranted against there.

The expected advance is underway and objectives are not until .9815 and just above 1.00.  Look for support near .9640 and .9595 (former support levels).  Drops to these areas would present opportunities to add to positions. 

STRATEGY: Bullish, against .9475, target TBD

< Prev    Next > [ Back ]