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Forex Market Outlook on Minors/Crosses

Mon, Jul 13 2009, 08:05 GMT

AceTrader


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INTRADAY TRADING SIGNAL BY ACETRADER.COM :
AUD/USD: 0.7735

Last Update At 13 Jul 2009 07:50 GMT

Despite aussie's recovery fm 0.7711, intra-day
breach of 0.7723 (last week's low) confirms recent
decline has resumed n downside bias remains for
further weakness to 0.7790/95 b4 prospect of a cor-
rection due to nr term loss of momentum.

Trade fm short side with stop as indicated, abv
wud risk stronger gain twd 0.7795/00...

Range Forecast
0.7705 / 0.7745

Resistance/Support

R: 0.7773/0.7825/0.7864
S: 0.7711/0.7668/0.7618


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