Chinese EspaƱol Sun, 12 Oct 2008
head-search-back
News Calendar Charts Currency Rooms Forum Forex Trading Signals

advertisement

Australian Dollar Technical Outlook

Tuesday, 05 August 2008 14:04:47 GMT

Written by Jamie Saettele, Senior Currency Strategist

The AUDUSD has fallen off of a cliff.  The structure of the near term decline all but confirms the call for a long term reversal and multi-year top.  The pair dropped below the 200 day SMA today, but expect a bounce from near current price.  A rally could last a few days but should prove corrective and give way to new lows.

< Prev    Next > [ Back ]