Tuesday, January 20, 2009

Australian Dollar traded lower-jan20

Australian Dollar traded lower as the USD strengthened and risk aversion pushed the AUD lower.R1: 0. 6680 ,R2: 0.6690,S1:0.6450, S2: 0.6440.Chart pattern signals bear note for the day .Trading range is expected between 0.6490-0.6670 levels Stochastic and momentum are seen trending down giving bearish signals .Currency is also seen trading below the moving average.

No comments: