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Forex Market Outlook on Minors/Crosses

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Forex Market Outlook on Minors/Crosses

Wed, Sep 24 2008, 02:34 GMT
by AceTrader Team

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INTRA-DAY AUD/USD OUTLOOK :               +0.8330+

Updating time : 24 Sep 2008 00:48 GMT

Despite aud's cross-inspired weakness to 0.8280
in o/n NY session, subsequent rebound suggests the
corrective fall fm this week's high at 0.8520 has
made a low there n choppy broad 'sideways' trading
is seen in Asia today with upside bias.

Buy on dips n exit on such rise as only abv
0.8460/70 wud signal recent upmove has resumed...

Range Forecast
+0.8325 / 0.8350+

Resistance/Support

R: 0.8397/0.8420/0.8470
S: 0.8280/0.8235/0.8200

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