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Forex Market Outlook on Minors/Crosses
Fri, May 9 2008, 04:33 GMT
by AceTrader Team
AceTrader
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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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