Friday, May 30, 2008

Australian dollar for weekly drop

The Australian dollars are set for a weekly drop on signs growth is slowing as prices of the commodities the two nations export declined.
technical view day for the day
Aussie chart pattern indicates the currency to be on bullish note for the day. support for the day is seen at 0.9490 levels and holds resistance at 0.9600 levels. Trading range is expected between 1.9510-1.9580 levels for the day. stochastic is supporting the bull run which is also supported. Relative Market strength index.

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