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
AceTrader
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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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Published on
Mon, Oct 13 2008, 06:22 GMT
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