Monday, September 15, 2008

Australian Dollar reclaimed in early trade.

Australian Dollar reclaimed the .8100 level and continued to climb into the US session as risk appetite returned and gold made good gains. AUD/JPY surged higher

Tech Outlook:
AUD R1: 0. 8330 S1:0.8170
R2: 0.8340 S2: 0.8150
Chart pattern supports bear note for the day. Trading range is expected between 0.8180-0.8320 levels .Relative Strength index and stochastic have turned from the oversold levels and is seen trending up.

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