Forex Market Outlook on Minors/Crosses

Posted by admin on December 18th, 2008 at 06:59am

INTRA-DAY AUD/USD OUTLOOK :        0.7064 Updating time : 17 Dec 2008 23:07 GMT Although aussie has traded with a firm under- tone after y’day’s rise to 0.7055 n marginal gain abv 0.7080 (Aust.) cannot be ruled out, loss of momentum shud prevent strg move abv 0.7100 in Asia n yield pullback later. Stand aside n look to buy on dips as only be- low 0.7011 wud risk retreat to 0.6965/70… Range Forecast 0.7040 / 0.7080 Resistance/Support R: 0.7127/0.7150/0.8200 S:

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