Sunday, February 1, 2009

Aussie broke its high

Aussie broke in the first minutes of trading. The manufacturing sector in Australia has fallen to 36.6 in January from the previous reading of 33.7
Tech view feb 02
AUD R1: 0. 6390 S1:0.6280
R2: 0.6400 S2: 0.6300
Chart pattern signals bearish note for the day .Trading range is expected between 0.6260-0.6380 levels Stochastic and momentum are seen flat giving mixed to bearish signals .Currency is also trading below the moving average.

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