Tuesday, December 30, 2008

Ausssie had a very quiet trading day

Australian Dollar had a very quiet trading day after regaining the 0.6900 level on USD weakness and buoyant stocks. Commodities were mixed with Oil down but metals up.
R1: 0. 7000 S1:0.6840
R2: 0.7020 S2: 0.6830
Chart pattern signals a bullish movement for the day .Trading range is expected between 0.6850-0.6980 levels .Stochastic is seen trending up and currency is also seen trading above the moving averages.

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