AUD / USD: Outlook for 2009

   Long term: towards LY (0.5374)

On a quarterly basis, Bollinger bands spread is increasing. Our stochastic and MACD are overbought. Next year, a bearish A type crossover could be the status for our 7 / 23 quarters moving averages. With a close below LQ (0.6516), LY (0.5374) will be a target.

On a monthly basis, the spread UM / LM is maximal but expending. With our 7 / 23 quarters moving averages a bearish A type crossover is in progress. A bearish divergence is in progress with our stochastic. Next objective will be LY (0.5374).

Idea: towards 0.4776 could be expected.

 

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