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INTRA-DAY AUD/USD OUTLOOK by AceTrader
Updating time : 28 Oct 2008 04:19 GMT
Despite intra-day breach of 0.6090, aussie's
retreat fm 0.6106 suggests minor consolidation wud
be seen ahead of European opening n a pullback to
0.6040/50 cannot be ruled out but only below 0.6028
signals correction fm y'day's 0.6007 low has ended.
Exit long n stand aside for now. Abv 0.6106 wud
bring retracement of recent decline twds 0.6155...
Range Forecast
0.6060 / 0.6100
Resistance/Support
R: 0.6106/0.6155/0.6200
S: 0.6028/0.6007/0.5947
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