The Australian dollar weakened for a second day on speculation a decline in commodity prices will diminish the outlook for the South Pacific economies.
Teechnical view dated 25.08.08
AUD R1: 0. 8680 S1:0.8550
R2: 0.8720 S2: 0.8510
Chart pattern is seen on mixed note for the day. Trading range is expected between 0.8590-0.8660 levels .stochastic remains bearish for the currency. RSI also supports the same .
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