us weakens

  1. 1,710 Posts.
    Early action on the aussie dollar trade against the US.

    Currently starting a little down trend after flat lining for the first 6 hours trade having reached a high of about .7070, it is now headed down toward the .70 cent mark.

    May hold above .70 however if we see the aussie tip below that psycholgical level, we could be in for a similar night tonight as last night imo, though doubt we will see the same lows.

    Currently .about 7025 with some profit taking I presume coming into the market short term.

    Time will tell.

    Good luck all.
 
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