The Aussie Ascent
The Australian Dollar has been consolidating in a very tight range and is poised to breakout above the September 2008 highs at 8811 which very near where we it is in 2009. There is little resistance above this area until the .9791 July 22nd high. When this pair came down, it was in the middle of the Financial crisis where there were little or no areas of support. As former support turns into new resistance, there is none to speak of. Look to buy this pair on a 2 pip breakout above the .8788 area.
