Australian Dollar Bouncing From Support

Commentary: Near term, the decline from .9399 could be just an a-b-c decline. This is suggestive of a resumption of the uptrend and eventual rally through .9399.

The other count is bearish and suggests that an a-b-c flat correction is unfolding from .8753. In either case, price is expected to exceed .9068.

Strategy: Bullish, against .8653, target TBD