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Forex Market Outlook on Minors/Crosses

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Forex Market Outlook on Minors/Crosses

Fri, Oct 10 2008, 06:10 GMT
by AceTrader Team

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INTRA-DAY AUD/USD OUTLOOK :              0.6586

Updating time : 10 Oct 2008 04:37 GMT

Aussie has remained under pressure on active
cross selling n marginal weakness below 0.6551 is
likely, however, nr term o/sold condition shud keep
price well abv 0.6488 n bring a much-needed bounce
but 0.6729 shud cap upside.

Wud not chase current fall here n look to sell
on subsequent recovery...

Range Forecast
0.6570 / 0.6610

Resistance/Support

R: 0.6729/0.6802/0.6878
S: 0.6551/0.6448/0.6400

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