Friday, February 12, 2010

AUD/USD - Forex Market Outlook on Minors/Crosses

Despite aud's recovery fm 0.8880, subsequent
retreat after meeting renewed selling below y'day's
0.8921 high suggests consolidation with downside
bias wud be seen n below said sup wud bring further
waekness to 0.8855/60 b4 rebound.
Sell on pullback with stop as indicated, abv
wud risk one more rise to 0.8935/40 b4 retreat.


Range Forecast
0.8860 / 0.8900
Resistance/Support
R: 0.8921/0.8928/0.8964
S: 0.8880/0.8835/0.8798

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