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rebound fm 0.6866 suggests consolidation with mild
upside bias wud be seen but abv 0.6955/60 is needed
to signal the pullback fm Asian high at 0.6988 has
ended n bring re-test of this res later.
Below 0.6866 wud yield retracement of nr term
rise to 0.6830/35 n then 0.6815. Stand aside...
Range Forecast
0.6880 / 0.6920
Resistance/Support
R: 0.6943/0.6988/0.7021
S: 0.6866/0.6815/0.6768
INTRA-DAY AUD/USD OUTLOOK : 0.6905
Updating time : 17 Oct 2008 06:12 GMT
Despite intra-day anticipated retreat, aussie'srebound fm 0.6866 suggests consolidation with mild
upside bias wud be seen but abv 0.6955/60 is needed
to signal the pullback fm Asian high at 0.6988 has
ended n bring re-test of this res later.
Below 0.6866 wud yield retracement of nr term
rise to 0.6830/35 n then 0.6815. Stand aside...
Range Forecast
0.6880 / 0.6920
Resistance/Support
R: 0.6943/0.6988/0.7021
S: 0.6866/0.6815/0.6768
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