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Forex Market Outlook on Minors/Crosses

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Forex Market Outlook on Minors/Crosses

Thu, Nov 27 2008, 06:42 GMT
by AceTrader Team

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INTRA-DAY AUD/USD OUTLOOK :            +0.6540+

Updating time : 27 Nov 2008 06:38 GMT


As aussie has retreated after being capped below
y'day's high at 0.6554, caution is advised on our
long n 0.6460/70 must hold for prospect of another
rise, abv said res extends to 0.6580/90 but break
of 0.6618 needed to confirm upmove has resumed.

Trade fm long side with stop as indicated, below
wud prolong consolidation n risk pullback to 0.6428

Range Forecast
+0.6510 / 0.6545+

Resistance/Support

R: 0.6554/0.6618/0.6695
S: 0.6479/0.6428/0.6406

Archive

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