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Forex Market Outlook on Minors/Crosses
Fri, May 30 2008, 01:14 GMT
by AceTrader Team
AceTrader
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INTRA-DAY AUD/USD OUTLOOK: 0.9559
Updating time :29 May 2008 23:09 GMT
Although aussie's recovery fm o/n NY low at
0.9536 suggests minor consolidation abv there wud
be seen in Asia, as y'day's breach of 0.9544 sup
signals temp. top has been made earlier at 0.9655,
0.9580/85 shud limit upside n yield another fall.
Sell on further rise for re-test of said sup,
break there wud extend weakness to 0.9510/15 later.
Range Forecast
0.9545 / 0.9575
Resistance/Support
R: 0.9580/0.9610/0.9638
S: 0.9536/0.9510/0.9480
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Published on
Fri, May 30 2008, 01:26 GMT
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