Australian Dollar Little Changed Friday November 30, 2007, 12:49 pm
Commentary: There is no change to the AUDUSD pattern. “The decline from .9399 could be just an a-b-c decline. This is suggestive of a resumption of the uptrend and eventual rally through .9399. The other count is bearish and suggests that an a-b-c flat correction is unfolding from .8753. In either case, price is expected to exceed .9068.”
This information was provided by Forex Capital Markets
Commentary: There is no change to the AUDUSD pattern. “The decline from .9399 could be just an a-b-c decline. This is suggestive of a resumption of the uptrend and eventual rally through .9399. The other count is bearish and suggests that an a-b-c flat correction is unfolding from .8753. In either case, price is expected to exceed .9068.”
This information was provided by Forex Capital Markets
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