Australian Dollar Technical Outlook

The AUDUSD drop from .9668 appears complete as a second wave correction.

Specifically, the drop from .9650 is in 5 waves, making it likely that wave c of the correction is complete. A bullish bias is warranted against .9328, although price ideally remains above .9475. We’ll look to move the stop to this level soon.

STRATEGY: Bullish, against .9328, target above .9668 (probably near 1)