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Despite A$'s retreat after marginal gain to 0.87
45, y'day's rebound in tandem with kiwi suggests
choppy trading abv last week's low at 0.8590 wud
continue n as long as 0.8685/90 holds, upside bias
remains for another rise to 0.8756 n 0.8775/80.
Trade fm long side with stop as indicated, below
wud risk stronger pullback to 0.8660...
Range Forecast
0.8695 / 0.8720
Resistance/Support
R: 0.8745/0.8756/0.8800
S: 0.8692/0.8654/0.8625
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INTRA-DAY AUD/USD OUTLOOK: 0.8707
Updating time :20 Aug 2008 02:38 GMT
Despite A$'s retreat after marginal gain to 0.87
45, y'day's rebound in tandem with kiwi suggests
choppy trading abv last week's low at 0.8590 wud
continue n as long as 0.8685/90 holds, upside bias
remains for another rise to 0.8756 n 0.8775/80.
Trade fm long side with stop as indicated, below
wud risk stronger pullback to 0.8660...
Range Forecast
0.8695 / 0.8720
Resistance/Support
R: 0.8745/0.8756/0.8800
S: 0.8692/0.8654/0.8625
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