New High In The Australian Dollar
The Australian Dollar had a big up day today breaking out to a new all time high. In the above chart you'll notice the ascending triangle that has developed over the past 2 1/2 months. This pattern suggests that the Aussie Dollar can go much higher from these levels.
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![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_4.gif)
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_4.gif)
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-euro-small.gif)
1 comment:
As long as crude and commidites in general remain bid, Aud and other commidity currency will have plenty of bounce in their step.
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