Forex Market Outlook on Minors/Crosses
Wed, Nov 22 2006, 02:37 GMT
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INTRA-DAY AUD/USD OUTLOOK: 0.7714
Updating time : 22 Nov 2006 02:19 GMT
Although intra-day dlr's broad-based weakness has
kept price firm, if our daily consolidative view on
A$ is correct, reckon 0.7725/30 wud cap erratic up-
move fm 0.7615 due to loss of momentum n yield re-
treat but below 0.7677 needed to confirm top made.
Incline to sell on marginal rise with stop as
indicated, break may risk re-test of 0.7768 high...
Range Forecast
0.7700 / 0.7725
Resistance/Support
R: 0.7752/0.7768/0.7700
S: 0.7677/0.7643/0.7615
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Wed, Nov 22 2006, 02:38 GMT
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