I don't pretend to be a forex trader. I watch the Ozzie Dollar closely because strength in it is needed for support of the Australian stock market. The key word is liquidity. Our market can't be bouyant if liquidity is absent. A major factor in liquidity in Australia is the inflow of overseas money to our country; i.e., the exchange rate reflects that.Last night the Ozzie Dollar took a thumping (-1.46%) - but it still lies within the trading range in existence since December 2010. A break below support on the Oz Dollar chart would be another negative for our market.
Good luck
Red
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