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Forex Market Outlook on Minors/Crosses
Thu, Aug 28 2008, 01:57 GMT
by AceTrader Team
AceTrader
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INTRA-DAY AUD/USD OUTLOOK: 0.8637
Updating time :28 Aug 2008 01:36 GMT
Aussie's intra-day rise in line with usd's
broad-based weakness suggests the corrective upmove
fm this week's low at 0.8493 has resumed n further
gain to 0.8655/60 is seen, however, 0.8690 res shud
cap upside due to near term o/bot condition.
Buy on dips with stop as indicated, below wud
abort n risk pullback to 0.8570/75...
Range Forecast
0.8615 / 0.8645
Resistance/Support
R: 0.8639/0.8690/0.8761
S: 0.8600/0.8576/0.8533/0.8493
---------------------------------------------------Published on
Thu, Aug 28 2008, 02:00 GMT
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