AUD/USD: Current 0.9076 (Sunday, March 7, 2010).
 
Please refer daily charts and not short-term charts e.g. hourly charts.

Australia’s economy grew last quarter at the fastest pace in almost two years, with gross domestic product climbing 0.9 percent from the third quarter, the Bureau of Statistics said March 3rd.
 
Analysis:  The sentiments from US are mixed for USD but simultaneously please note that the pair had broken down and moved below the previous bottom of December 23rdh, 2009. The prices on June 5th, 2009, August 7th, 2009 and October 26th made a nearly perfect triple top chart formation and on Feb 4th the price had broke below the neck line. From March 2009 to January 2010 AUD/USD gained almost 3200 pips. That plus the formation of a nearly Triple-top chart formation suggest a move downwards but the fundamentals and some other technical analysis is indicating a further move upwards.

Approach: For longer-term trades we are keeping away and waiting and watching for clearer signs for a longer-term position.  We will be trading for short-term.

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 For short term trades, please refer to daily technical analysis for AUD/USD.