Friday, May 16, 2008

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.

1 comment:

Banker said...

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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