Thursday, October 9, 2008

Falling Like A Rock: Australian Dollar


Classic pattern that once again defines what does "Falling Like A Rock" mean, take a look at the aussie dollar, falling from record high of $0.9685 in mid July to as low as $0.6448 yesterday, the falling accelerated 4 days ago after Australia Central Bank cut interet rate a full 1%, Aussie is expected to be trading within a volatile range in the next few weeks.

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