Forex Market Outlook on Minors/Crosses

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Forex Market Outlook on Minors/Crosses
Fri, Jun 6 2008, 02:16 GMT
by AceTrader Team
AceTrader
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INTRA-DAY AUD/USD OUTLOOK: 0.9596
Updating time :06 Jun 2008 02:14 GMT
Although aud has eased after intra-day rise to
0.9612 n consolidation is envisaged in Asia, reckon
0.9579 (Aust.) wud limit pullback n bring another
rise but abv 0.9629/38 res area is needed to signal
MT uptrend has resumed for re-test of 0.9655 top.
Buy on dips with stop as indicated, break wud
prolong choppy trading n may risk 0.9540...
Range Forecast
0.9580 / 0.9610
Resistance/Support
R: 0.9629/0.9638/0.9655
S: 0.9579/0.9540/0.9511
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Published on
Wed, Jun 11 2008, 01:57 GMT
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