Forex Market Outlook on Minors/Crosses

Forex Market Outlook on Minors/Crosses

Mon, Jul 14 2008, 01:53 GMT
by AceTrader Team

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INTRA-DAY AUD/USD OUTLOOK:                          0.9675

Updating time :13 Jul 2008 22:44 GMT


As A$ has retreated after brief rise to 0.9711
(Aust.), suggesting price is not ready to resume
recent upmove n further consolidation below last
week's high at 0.9718 wud be seen, break of 0.9640
wud bring correction to 0.9600/10 b4 rebound.

Abv 0.9711/18 wud extend MT uptrend twd 0.9740/
50. Stand aside n hold long for day trade...

Range Forecast
0.9665 / 0.9695

Resistance/Support
R: 0.9718/ 0.9730/0.9770
S: 0.9640/0.9596/0.9545
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Published on  Mon, Jul 14 2008, 02:29 GMT

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