Forex Market Outlook on Minors/Crosses

Forex Market Outlook on Minors/Crosses

Fri, Jul 4 2008, 01:40 GMT
by AceTrader Team

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INTRA-DAY AUD/USD OUTLOOK:                           0.9599

Updating time :03 Jul 2008 22:55 GMT


Despite yesterday's retreat in line with usd's
broad-based rebound, a break below 0.9582/83 sup is
needed to signal near term rise fm 0.9512 has ended
earlier at 0.9651 n yield further subsequent weak-
ness to 0.9555/60.

Abv 0.9633 wud bring gain to 0.9651 but 0.9668
top shud hold on 1st testing. Stand aside...

Range Forecast
0.9583 / 0.9610

Resistance/Support
R: 0.9633/0.9651/0.9668
S: 0.9583/0.9558/0.9512
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Published on  Fri, Jul 4 2008, 01:44 GMT

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