The Australian dollar fell as U.S. equities and commodity prices slipped on concern a $3 trillion dollar push to shore up the global financial system may not prevent a world recession.
Tech view
AUD R1: 0. 7080 S1:0.6840
R2: 0.7120 S2: 0.6820
Chart pattern shows the currency to be on mixed note for the day. Trading range is expected between 0.6850-0.7050 levels .stochastic remains in neutral territory for the day.
Tuesday, October 14, 2008
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