Forex Signal for AUD/USD, Dec 29th, 2010AUD extended the bullish run and traded higher for the seventh day in a row. Besides the weak tone of USD, the strength in commodities is more important to the rally of
AUD. Spot Gold surpassed USD1,400/ounce again and Crude oil recovered from the loss on Monday. The bullish sentiment towards commodities also benefited related
currencies. AUD may be able to test Nov high (1.0183) soon.
AUD/USD may test the Nov high (1.0183) with support at 50 days M.A. (0.9894).
AUD/USD Daily Trading Range 1.0050/1.0150