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AUDUSD Breaks Short Term Resistance

By Jamie Saettele, CMT, Sr. Technical Strategist
08 December 2008 17:51 GMT

The AUDUSD has broken above the November 25 high of .6623, which sets the stage for additia test of the November high at .7022.  .6858, which is where the rally from 6287 would equal the rally from .6072-.6623, may provide a road block though.  Former resistance at .6540 is now potential support.

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08 December 2008 17:51 GMT