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Although y'day's retreat fm 0.9637 suggests fur
ther choppy consolidation below 0.9655 wud continue
with mild downside bias n weakness to 0.9560/65 can
not be ruled out, a break below 0.9544 is needed to
bring retrace. of recent upmove to 0.9515/20.
Stand aside n look to sell on recovery as only
abv 0.9638 wud risk re-test of aforesaid top...
Range Forecast
0.9570 / 0.9600
Resistance/Support
R: 0.9638/0.9655/0.9683
S: 0.9580/0.9544/0.9500
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INTRA-DAY AUD/USD OUTLOOK: 0.9585
Updating time :27 May 2008 22:53 GMT
Although y'day's retreat fm 0.9637 suggests fur
ther choppy consolidation below 0.9655 wud continue
with mild downside bias n weakness to 0.9560/65 can
not be ruled out, a break below 0.9544 is needed to
bring retrace. of recent upmove to 0.9515/20.
Stand aside n look to sell on recovery as only
abv 0.9638 wud risk re-test of aforesaid top...
Range Forecast
0.9570 / 0.9600
Resistance/Support
R: 0.9638/0.9655/0.9683
S: 0.9580/0.9544/0.9500
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