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Although aussie's firmness after the release of
stronger-than-expected CPI data signals MT uptrend
has resumed for marginal gain abv 0.9498 ('08 top),
nr term o/bot condition shud cap upside below 0.95
20/30 n risk has increased for a retreat later.
Wud not chase this move n look to buy pullback
as 0.9449 (Aust.) shud limit downside...
Range Forecast
0.9470 / 0.9498
Resistance/Support
R: 0.9498/0.9550/0.9580
S: 0.9449/0.9421/0.9392
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INTRA-DAY AUD/USD OUTLOOK: 0.9488
Updating time :23 Apr 2008 01:32 GMT
Although aussie's firmness after the release of
stronger-than-expected CPI data signals MT uptrend
has resumed for marginal gain abv 0.9498 ('08 top),
nr term o/bot condition shud cap upside below 0.95
20/30 n risk has increased for a retreat later.
Wud not chase this move n look to buy pullback
as 0.9449 (Aust.) shud limit downside...
Range Forecast
0.9470 / 0.9498
Resistance/Support
R: 0.9498/0.9550/0.9580
S: 0.9449/0.9421/0.9392
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