Australian Dollar Short Term Support Line

[B]Commentary[/B]: The rally fom last week?s low is is impulsive, and strongly indicates that at least one more 5 wave rally is expected with .8332 remaining intact. We are keeping risk confined to .8396 (which is the low of wave ii).

A measured objective for the end of this advance is .8589, which is the 161.8% extension of .8332-.8451/.8396. [B]Strategy[/B]: Bullish now, against .8396 target .8580