Forex Market Outlook on Minors/Crosses

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Forex Market Outlook on Minors/Crosses

Wed, Jul 16 2008, 08:40 GMT
by AceTrader Team

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INTRA-DAY AUD/USD OUTLOOK:                          0.9772

Updating time :16 Jul 2008 08:24 GMT


Despite early brief drop to 0.9748, subsequent
rebound suggests corrective decline fm y'day's high
at 0.9851 has 'possibly' formed a low there n conso
lidation with upside bias wud be seen for gain to
0.9790/00 but reckon 0.9815 res wud cap upside.

Buy on dips with stop as indicated, break wud
risk stronger retracement to 0.9708/10...

Range Forecast
0.9755 / 0.9780

Resistance/Support

R: 0.9815/0.9851/0.9900
S: 0.9736/0.9708/0.9664
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