Money Flows to Australia
06/03/2009 9:49 am EST
The strength in the Australian dollar and gold has helped push EWA, the Australian ETF, higher. The daily chart and technical studies look positive, but the 50- and 200-period MAs are still negative. The 38% resistance is at $20 with the 50% level and trend line resistance at $22.80. Good support is in the $15 area.