Interesting Thoughts about the Australian Dollar

Submitted by Marco on 5 January, 2007 - 20:56

For you share traders out there giving forex trading a go here's an article that you interest you, talking about today's Australian Dollar Movements:

Another day of trading the Australian Dollar… plenty of action for day traders. The Aussie spent the day searching for a bottom. The chart is a 2 day 1 minute chart. After falling sharply from highs of 7980 the dollar is falling back to a reasonable price. Plenty of opportunities to short the dollar over the past day or so. Earlier today the dollar bounced off its current support - around the 7810’s 7820’s… and right now - at 7pm Sydney time it is in a trading range between 7820/40.

Read the rest of Australian Dollar Searching for Bottom.