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Forex Market Outlook on Minors/Crosses

Fri, Jul 10 2009, 01:45 GMT

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INTRADAY TRADING SIGNAL BY ACETRADER.COM :
AUD/USD: 0.7838

Last Update At 09 Jul 2009 22:29 GMT

Despite aussie's retreat fm 0.7864 (y'day's
European high), as long as minor sup at 0.7799
holds, further consolidation abv this week's low at
0.7723 is seen with upside bias n breach of 0.7864
wud bring retrace. of recent decline to 0.7880/90.

Buy dips for st trade with stop as indicated,
below wud risk weakness to 0.7750/60...

Range Forecast

0.7820 / 0.7855

Resistance/Support

R: 0.7864/0.7892/0.7935
S: 0.7799/0.7779/0.7755


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