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Despite the retreat fm o/n NY high at 0.9520,
lack of follow through selling suggests upside risk
still remains but a break abv 0.9520/26 is needed
to signal upmove fm 0.9327 has once again resumed n
extend gain to 0.9345/50.
Exit intra-day short n stand aside. Below 0.9480
wud signal top is possibly made, 0.9447/52 later...
Range Forecast
0.9495 / 0.9520
Resistance/Support
R: 0.9520/0.9566/0.9587
S: 0.9480/0.9447/0.9403
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INTRA-DAY AUD/USD OUTLOOK: 0.9510
Updating time :20 Jun 2008 02:24 GMT
Despite the retreat fm o/n NY high at 0.9520,
lack of follow through selling suggests upside risk
still remains but a break abv 0.9520/26 is needed
to signal upmove fm 0.9327 has once again resumed n
extend gain to 0.9345/50.
Exit intra-day short n stand aside. Below 0.9480
wud signal top is possibly made, 0.9447/52 later...
Range Forecast
0.9495 / 0.9520
Resistance/Support
R: 0.9520/0.9566/0.9587
S: 0.9480/0.9447/0.9403
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