Thursday, December 6, 2012

Update to our Aussie Dollar Trade

Update to our Aussie Dollar TradeSocialTwist Tell-a-Friend

Attached is the 50-day chart of the ADZ2.

We are currently trading at 104.88, just above the 104.75 resistance level.  We have mentioned the last few days...if we are able to hold these gains and settle above 104.75, we look for another leg at least the sept 14 high of 105.37...if in, our stop loss is a settle below 104.25....there is still a belief that a compromise can be reached in Washington and that global growth, particularly in China will be steady, although unspectacular.

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