Australian Dollar Ending Diagonal

[B]Commentary:[/B] We wrote yesterday that an ending diagonal may be unfolding but the potential for a turn is high, so we are moving to flat (previously bullish).

The Aussie extended to .8808 this morning, which may have completed an ending diagonal from .8707. Coming under .8761 warrants a bearish bias for a return to at least .8707. [B]Strategy:[/B] Flat