Monday, November 5, 2012

Comments on Aussie Dollar

Comments on Aussie Dollar SocialTwist Tell-a-Friend



Attached is a 30 day chart of December Aussie Dollar (ADZ2).

We have maintained a short bias for several days with little satisfaction and several brushes with stop levels. At this point we will will tighten our stop-loss parameters to a settle above 103.40.

As the dollar continues to benefit from a "risk-off" trade, the Aussie has concurrently benefited from 
better news from China, making the trade a wash...                                                              
                                                                                

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