Australian Dollar was unable to recover as commodities remained weak and risk aversion spiked. Tech Outlook:
AUD is expected to be on a bearish note for the day. With the trading range expected between 0.9480-0.9610.With good support seen at 0.9450 levels and resistance is seen at 0.9630.Currency is seen trading below the moving averages giving bearish outlook .Parabolic and Momentum is also supporting the bear note. Stochastic remains silent on the issue.
Friday, July 25, 2008
AUSSIE WEAK-JUL 25.
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