Wednesday, August 27, 2008

Aussie giving a bull run-aug 27

Australian Dollar climbed from near a two-week low as U.S. and Asian stocks advanced, giving investors more confidence to buy higher-yielding assets.

Technical Outlook:
AUD R1: 0. 8680 S1:0.8490
R2: 0.8700 S2: 0.8480
Chart pattern is seen on bull note for the day. Trading range is expected between 0.8503-0.8660 levels . Daily stochastic is supporting a bull run and momentum is also seen trending up.

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