Friday, June 08, 2007

Australian Dollar Weekly Bull Flag



Last week I posted the above chart of the Australian Dollar. I pointed out a classic bull flag formation on the weekly chart. I am long the Aussie dollar and my trailing stop is below this week's low which is basically a break even stop.

Posted by Kevin

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1 comment:

Juan Carlos said...

AUD is a BUY fundamentally.
I heard one analyst from bloomberg saying that AUD will hit parity within 2 years.

It will will hit 0.8900usd.
Most them recommends buy on dips.

Its supported by high commodity prices and high interest rates.

11:43 PM

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