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Australian Dollar Yields Sell Entry as Prices Break Key Support
Tuesday, 01 September 2009 22:52:03 GMT
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- Tuesday, 25 August 2009 15:15:22 GMT Australian Dollar Technical Outlook
- Monday, 24 August 2009 14:18:36 GMT Australian Dollar Technical Outlook
- Friday, 14 August 2009 14:53:51 GMT Australian Dollar Technical Outlook
- Thursday, 13 August 2009 14:32:49 GMT Australian Dollar Technical Outlook
- Wednesday, 12 August 2009 14:36:18 GMT Australian Dollar Technical Outlook
- Tuesday, 11 August 2009 14:05:28 GMT Australian Dollar Technical Outlook
- Monday, 10 August 2009 14:47:13 GMT Australian Dollar Technical Outlook
- Friday, 07 August 2009 14:24:51 GMT Australian Dollar Technical Outlook
- Thursday, 06 August 2009 14:10:39 GMT Australian Dollar Technical Outlook
- Wednesday, 05 August 2009 14:24:47 GMT Australian Dollar Technical Outlook
- Friday, 31 July 2009 14:58:18 GMT Australian Dollar Technical Outlook
- Thursday, 30 July 2009 14:11:35 GMT Australian Dollar Technical Outlook
- Wednesday, 29 July 2009 15:01:13 GMT Australian Dollar Technical Outlook
- Tuesday, 28 July 2009 14:20:37 GMT Australian Dollar Technical Outlook
- Monday, 27 July 2009 14:28:20 GMT Australian Dollar Technical Outlook
- Friday, 24 July 2009 15:43:27 GMT Australian Dollar Technical Outlook
- Thursday, 23 July 2009 13:48:14 GMT Australian Dollar Technical Outlook
- Wednesday, 22 July 2009 14:18:12 GMT Australian Dollar Technical Outlook
- Tuesday, 21 July 2009 14:17:41 GMT Australian Dollar Technical Outlook
- Monday, 20 July 2009 14:57:48 GMT Australian Dollar Technical Outlook
The Australian Dollar has broken key support against its US counterpart at the bottom of a Rising Wedge chart formation that we identified last week. Negative divergence on the RSI oscillator bolsters the bearish bias. We will enter short from here, initially targeting a decline to 0.7720. A stop loss will be activated on a daily close above 0.8524.
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