Sunday, March 22, 2009

Australian dollar gained for a 10th day, its longest winning streak since October 2007

Australian dollar gained for a 10th day, its longest winning streak since October 2007, and the New Zealand currency also rose as stocks rallied on optimism U.S. plans to keep borrowing costs low will boost growth in the world’s largest economy
AUD R1: 0. 6880 S1:0.7010
R2: 0.6870 S2: 0.7030
Chart pattern gives bullish signals for the day .Trading range is expected between 0.6900-0.6990 levels .Stochastic is seen trending up giving indication of a bullish consolidation for the day.

No comments: