Thursday, April 10, 2008

AUD REMAINS FIRMER


AUD opened firmer and is remains steady at $0.9315, just below three-week highs of $0.9347, even though the U.S. currency enjoyed a rally of its own against other major currencies.
TECH FOR THE DAY
AUD chart pattern indicates the currency to be on uptrend for the day . The support is seen at 0.9280 levels and holds resistance at 0.9355 levels. The trading range is expected between 0.9290-0.9340 for the day. MACD supports the currency to remain on bull note for the day but stochastic cautions the currency to have a downward correction in near term..

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