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Forex Market Outlook on Minors/Crosses
Wed, Jan 14 2009, 09:48 GMT
by AceTrader Team
AceTrader
INTRA-DAY AUD/USD OUTLOOK : 0.6736
Updating time :14 Jan 2009 09:01 GMT
Despite intra-day rise to 0.6813, current euro-
led retreat suggests top has possibly been formed n
downside risk is for weakness to 0.6700, however,
reckon 0.6660/70 wud hold fm here n yield another
corrective upmove later.
Exit long n stand aside for now. only abv 0.6790
wud revive bullishness for gain to 0.6813 again...
Range Forecast
0.6720 / 0.6755
Resistance/Support
R: 0.6813/0.6855/0.6899
S: 0.6728/0.6645/0.6614
Published on
Wed, Jan 14 2009, 09:51 GMT
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