Australian Dollar Technical Outlook


The AUDUSD is nearing support from a reaction low on 2/18 at .9102. The drop from .9236 is either a 4th wave or within a 5 wave advance from .8874 or a 2nd wave in the 5 wave advance from .8923. As mentioned, the .9100 figure should provide solid support to get bullish against .8923.

[B]STRATEGY[/B]: Bullish, against .8923, target TBD