Forex Market Outlook on Minors/Crosses

Forex Market Outlook on Minors/Crosses

Thu, Jul 17 2008, 03:51 GMT
by AceTrader Team

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INTRA-DAY AUD/USD OUTLOOK:                          0.9762

Updating time :17 Jul 2008 02:35 GMT


Despite aussie's recovery after trading abv 0.97
28 (y'day's low), abv 0.9795/00 is needed to signal
correction fm this week's high at 0.9851 has possi-
bly ended n yield gain to 0.9815, otherwise, fur-
ther choppy trading is likely.

Below said sup wud bring correction of recent
upmove to 0.9700/10. Stand aside for now...

Range Forecast
0.9750 / 0.9775

Resistance/Support
R: 0.9774/0.9796/0.9815
S: 0.9728/0.9708/0.9664
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Published on  Thu, Jul 17 2008, 03:53 GMT

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