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Forex Market Outlook on Minors/Crosses

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Forex Market Outlook on Minors/Crosses

Mon, Oct 13 2008, 05:48 GMT
by AceTrader Team

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INTRA-DAY AUD/USD OUTLOOK :              0.6602

Updating time : 13 Oct 2008 04:36 GMT

Despite intra-day breach of 0.6550, lack of
follow through selling n subsequent rebound fm 0.65
47 suggest a minor low has possibly been formed n
further consolidation abv there wud be seen, break
of 0.6608 wud bring correction to 0.6630/40.

Stand aside n look to sell again on recovery.
Below 0.6547 wud extend weakness to 0.6510/20...

Range Forecast
0.6580 / 0.6620

Resistance/Support

R: 0.6608/0.6688/0.6757
S: 0.6547/0.6465/0.6330

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