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INTRA-DAY AUD/USD OUTLOOK - 0.8563
Update Time: 08 Aug 2007 01:17 GMT
Despite intra-day rise to 0.8578, lack of upside
follow through n current retreat suggest consolida-
tion wud be seen n weakness to 0.8540/45 cannot be
ruled out, however, y'day's 0.8514 low shud remain
intact n yield further choppy trading.
Exit long n stand aside for now. Abv said res
wud extend gain twds 0.8600/04...
Range Forecast
0.8550 / 0.8575
Resistance/Support
R: 0.8604/0.8616/0.8645
S: 0.8514/0.8492/0.8446
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Currency: AUDNZD
Trade Objective: Resilient-Trend Follower
Chart: Daily
Trade volatility: medium to high
Trade duration once triggered: min 05mn, max 07 days.
Spread Consideration: Set the trade as it is below in its exact form
Trade Objective: Resilient-Trend Follower
Chart: Daily
Trade volatility: medium to high
Trade duration once triggered: min 05mn, max 07 days.
Spread Consideration: Set the trade as it is below in its exact form
Long 11350 Target 10 pips Exact @ 11360
Enjoy Aud trade.
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