Oil has shed $1.41 to US$55.52 a barrel
AUD is down to 74c
Technically it looks as though the Aud is now capable of further downside action. Below 0.7500 there is not too much to support the Aud ahead of 0.7414 (Oct 2010 low), beneath which there is a bit of a hole until the very strong support at around 0.7200 where two important Fibo levels are lining up (0.7210: 61.8% of 0.4773/1.1082 and 0.7180:76.4% of 0.6006/1.1082). I suspect that eventually 0.7000 will appear on the horizon (and as I said 10 months ago, in the longer term, so will 0.6000http://www.fxchartsdaily.com/audusd-aud-heading-0-6000-check-monthly-chart/).
http://www.finnewsnetwork.com.au/archives/finance_news_network110543.html
Iron Ore Price, page-311
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Change
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Mkt cap ! $65.45B | |||
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