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Recent Recommended Trades

Thu, Jan 15 2009, 06:15 GMT
by AceTrader Team

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Update Time:     15 Jan 2009 04:56GMT
DAILY AUD/USD OUTLOOK - 0.6580

Despite aud's anticipated resumption of recent
decline, loss of downward momentum shud prevent
steep fall fm here n reckon 0.6530/40 wud limit
downside, yield a corrective rebound later.

In view of this, wud be prudent to exit short n
stand aside. Abv 0.6656/62 wud signal temp. low has
been formed n bring retrace. to 0.6700/10...

   Rate:     0.6580
   Strategy:     Exit short
   Position:     Short at 0.6640
   Objective:     
   Stop-Loss:     
   Resistance:     0.6656/0.6714/0.6813
   Support:     0.6559/0.6488/0.6425
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Update Time:     15 Jan 2009 01:18GMT
DAILY OUTLOOK ON NZD/USD - 0.5370

Despite kiwi's anticipated resumption of recent
decline to 0.5349/52, loss of momentum shud prevent
steep fall below there n reckon 0.5300 wud hold.

Wud be prudent to exit short at 0.5450 n stand
aside. Abv 0.5400 risks recovery twd 0.5460 b4 down

   Rate:     0.5370
   Strategy:     Exit short
   Position:     Short at 0.5450
   Objective:     
   Stop-Loss:     
   Resistance:     0.5460/0.5509/0.5595
   Support:     0.5349/0.5300/0.5249
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Update Time:     15 Jan 2009 00:31GMT
INTRA-DAY AUD/USD OUTLOOK - +0.6590+

Aud's recovery after y'day's selloff fm 0.6813
to 0.6580 suggests recent decline is not yet ready
to resume n minor consolidation is seen in Asia b4
prospect of another fall, below this week's low at
0.6577 wud extend to daily obj. at 0.6530/40.

Sell on recovery with stop abv 0.6662 as break
wud risk stronger correction twd 0.6714...

   Rate:     +0.6590+
   Strategy:     +Target met+
   Position:     +Short at 0.6645+
   Objective:     0.6590
   Stop-Loss:     
   Resistance:     0.6662/0.6714/0.6754
   Support:     0.6577/0.6488/0.6404
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Update Time:     14 Jan 2009 14:16GMT
INTRA-DAY AUD/USD OUTLOOK - +0.6616+

Aussie's retreat after meeting renewed selling
at 0.6754 suggests consolidation with downside bias
is seen, however, breach of 0.6645 is needed to con
firm correction fm 0.6577 has ended earlier at 0.68
13 n yield weakness to 0.6614/20.

Sell on recovery with stop as indicated, break
wud prolong choppy trading n risk 0.6785/90...

   Rate:     +0.6616+
   Strategy:     +Target met+
   Position:     +Short at 0.6666+
   Objective:     +0.6616+
   Stop-Loss:     
   Resistance:     0.6754/0.6813/0.6855
   Support:     0.6614/0.6577/0.6490
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