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Forex Market Outlook on Minors/Crosses

Fri, Feb 20 2009, 03:53 GMT
by AceTrader Team

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Intra-day trading signal for AUD/USD by AceTrader :  0.6410

Updating time :20 Feb 2009 02:37 GMT

A$'s intra-day weakness due to cross selling
vs yen suggests the correction fm this week's low
at 0.6332 has ended y'day at 0.6523 n further fall
to 0.6380/90 cannot be ruled out, however, reckon
0.6332/38 sup area wud hold on 1st testing.

Abv 0.6484 (Aust.) wud revive bullishness for
another rise to 0.6523. Stand aside in the meantime

Range Forecast
0.6395 / 0.6430

Resistance/Support

R: 0.6484/0.6523/0.6567
S: 0.6360/0.6332/0.6298


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