Australian Dollar Technical Outlook

Having found serious resistance at 9550, the Aussie now trails back to 9500 support. A break here would be ominous to our bullish view and could possibly expose our stop of 9402. We however continue to remain long and if the pair can stabilize at these levels its chances of resuming its upward trend will increase markedly.

STRATEGY: Bullish, against .9402, target TBD