Tuesday 27 December 2011

AUD In The Morning.

I expect a quite start , may be a bit lower opening for the day. Understandable after a long holiday. And nothing goes up in one straight line. But European markets are in positive after Asia closed in marginal red. AUD has been in a consolidated pattern for much of yesterday. To get an idea of what is expected of AUD, I enclosed the following two charts.
I wrote last week that I expect some weakness on December 27 or December 28, but any weakness should be minor. I would like to add to my long position on weakness.

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