Forex Market Outlook on Minors/Crosses

Forex Market Outlook on Minors/Crosses

Fri, May 9 2008, 04:33 GMT
by AceTrader Team

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INTRA-DAY AUD/USD OUTLOOK:                                 0.9405

Updating time :09 May 2008 04:24 GMT


As aussie's retreat fm 0.9457 y'day suggests con
solidation with downside bias wud be seen n a firm
breach of 0.9382 wud signal recovery fm 0.9348 has
ended, yield resumption of decline fm 0.9507 to re-
trace recent upmove for re-test of said sup later.

Hold short with stop as indicated n only a break
of 0.9455/57 wud abort, risk 0.9479...

Range Forecast
0.9390 / 0.9420

Resistance/Support
R: 0.9457/0.9479/0.9507
S: 0.9382/0.9348/0.9293
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Published on  Tue, May 13 2008, 00:49 GMT

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