Forex Market Outlook on Minors/Crosses

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Forex Market Outlook on Minors/Crosses

Thu, May 15 2008, 03:18 GMT
by AceTrader Team

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INTRA-DAY AUD/USD OUTLOOK:                                 0.9310

Updating time :15 May 2008 02:44 GMT


Despite aussie's recovery fm 0.9291, intra-day
breach of 0.9303 (y'day's low) suggests the decline
fm 0.9541 has possibly resumed n further weakness
to 0.9275 wud be seen, however, break is needed to
confirm n extend twds 0.9233 later.

Trade fm short side, stop as indicated n only
abv 0.9340 (Aust.) suggests temp. low made, 0.9362.

Range Forecast
0.9290 / 0.9315

Resistance/Support
R: 0.9340/0.9362/0.9386
S: 0.9275/0.9233/0.9200
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Published on  Thu, May 15 2008, 03:26 GMT

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