Australian Dollar Getting Ready For Its Next Leg Up

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Australian Dollar Getting Ready For Its Next Leg Up

By Simit Patel on August 12, 2009 | More Posts By Simit Patel | Author's Website

Looks like a few members of the InformedTrades community are keeping a close eye on the Australian dollar In addition to the fundamental argument for a stronger Australian dollar, there are also some technical signs worth observing.

Daily Chart

Weekly Chart

InformedTrades member Forexer also provides us with some Elliott Wave analysis on AUDUSD. The chart below, courtesy of Forexer, illustrates.

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