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Forex Market Outlook on Minors/Crosses
Tue, Sep 30 2008, 04:03 GMT
by AceTrader Team
AceTrader
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INTRA-DAY AUD/USD OUTLOOK : 0.7993
Updating time : 30 Sep 2008 02:42 GMT
Despite o/n cross-inspired selloff, A$'s reco-
very fm 0.7935 (Aust.) suggests minor consolidation
abv there wud be seen n corrective bounce to 0.8020
/30 cannot be ruled out b4 decline fm last week's
high at 0.8520 resumes later.
Sell on such pullback for day trade n only be-
low 0.7935 wud extend weakness to 0.7890/00...
Range Forecast
0.7980 / 0.8010
Resistance/Support
R: 0.8048/0.8109/0.8211
S: 0.7935/0.7900/0.7868
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Published on
Tue, Sep 30 2008, 04:07 GMT
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