Forex Market Outlook on Minors/Crosses

Forex Market Outlook on Minors/Crosses

Fri, Jul 11 2008, 06:30 GMT
by AceTrader Team

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INTRA-DAY AUD/USD OUTLOOK:                          0.9605

Updating time :11 Jul 2008 05:57 GMT


Although aussie's retreat fm y'day's high at 0.
9640 suggests a minor top has been formed n further
consolidation below there is in store, break of sup
at 0.9575/80 is needed for correction of near term
upmove fm 0.9476 twds 0.9545.

Abv 0.9620/25 brings re-test of 0.9640 n then
twds 0.9668 top. Stand aside for now...

Range Forecast
0.9590 / 0.9615

Resistance/Support
R: 0.9640/0.9668/0.9700
S: 0.9592/0.9579/0.9545
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Published on  Fri, Jul 11 2008, 06:34 GMT

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