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As aussie has retreated after meeting selling
interest at 0.9597, caution is advised on our long
n 0.9545 must hold for prospect of another rebound,
abv said res wud bring correction of recent decline
to 0.9610/15 n possibly twds 0.9637.
Trade fm long side with stop as indicated n only
below y'day's 0.9540 low risks weakness to 0.9520..
Range Forecast
0.9550 / 0.9575
Resistance/Support
R: 0.9597/0.9637/0.9678
S: 0.9540/0.9503/0.9476
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INTRA-DAY AUD/USD OUTLOOK: 0.9553
Updating time :25 Jul 2008 00:30 GMT
As aussie has retreated after meeting selling
interest at 0.9597, caution is advised on our long
n 0.9545 must hold for prospect of another rebound,
abv said res wud bring correction of recent decline
to 0.9610/15 n possibly twds 0.9637.
Trade fm long side with stop as indicated n only
below y'day's 0.9540 low risks weakness to 0.9520..
Range Forecast
0.9550 / 0.9575
Resistance/Support
R: 0.9597/0.9637/0.9678
S: 0.9540/0.9503/0.9476
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