Monday, May 5, 2008

AUSSIE OUTLOOK

The Australian dollars climbed on speculation rising commodity prices will bolster countries' exports. AUD is expected to trade in the range of 0.9340-0.9440.With good support is seen at 0.9320 and good resistance is seen at 0.9460.Stochastic and Relative Market strength index is giving indication for the currency to be on a bull note. Currency has breached the lower Bollingers and is trending up

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