Intra-day trading signal for AUD/USD by AceTrader

[acetraderfx]

Intra-day trading signal for AUD/USD by AceTrader :

Rate: 0.6499

Updating time : 26 Feb 2009 02:34 GMT

Despite y'day's selloff fm 0.6555 to 0.6454,
current rebound in part due to cross buying in A$
versus jpy suggests choppy trading wud continue
with mild upside bias n gain to 0.6522 cannot be
ruled out, however, said res wud remain intact.

Below 0.6475/80 wud bring another fall to
0.6454. Suggest to stand aside in the meantime...

Range Forecast
0.6480 / 0.6522

Resistance/Support
R: 0.6522/0.6555/0.6592
S: 0.6454/0.6417/0.6390

Our 2008 trading performance summary
http://www.acetraderfx.com/eng/perfo...erform2008.asp

[andy003]

We expect a volatile week to continue with Swine Flu the talk of the global financial markets.While health experts have stated that restrictions on travel at this point are of no use.Since the virus has moved all the way around the world and it would serve no purpose. May have Helped the Aud-Usd out of an oversold condition and back above .7000. We expect to see the Aud-Usd trade between .7000 to .7300 for the remainder of the trading week barring any new unforeseen circumstances.

Source- Forexpros

[andy003]

The Aussie (AUD/USD) is presently trading above the 0.7325 area. Over the past some days of trading, this area has acted as strong resistance, closing the pair from posting additional gains. On Tuesday session, the market expects the RBA to hold the interest rate at 3%.