Australian Dollar Technical Outlook

The advance from .8952 is likely the final leg of a diagonal that will lead to the major top mentioned in the longer term chart.

“The rally from .8952 is wave C of a large 5th wave diagonal that could extend to a measured objective just below 1.00 in coming weeks (.9936).” Support has held at the trendline near .9500. A bullish bias is warranted against .9290 although price ideally remains above .9500.
STRATEGY: Bullish, against .9290, target .9936