INTRA-DAY AUD/USD OUTLOOK by AceTrader

acetraderfx

Active Trader
Jan 9, 2009
75
0
37
INTRA-DAY AUD/USD OUTLOOK : 0.7080

Updating time :09 Jan 2009 07:52 GMT
Although aussie's rebound fm Asian low of 0.7054
suggests consolidation with mild upside bias is
seen, abv 0.7124/33 needed to signal correction fm
0.7270 has ended at 0.6958 y'day n yield subsequent
gain twd 0.7179 b4 prospect of a retreat.

Below 0.7054 wud bring weakness twd 0.7012 but
0.6990/00 shud hold fm here. Stand aside...

Range Forecast
0.7060 / 0.7100

Resistance/Support
R: 0.7133/0.7179/0.7223
S: 0.7054/0.7012/0.6958

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andy003

Master Trader
Jan 7, 2009
252
1
47
1,7132. AUD USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands.
We won't take a position. There is no trade configuration.
Resistances
0,7160 - 0,7230
Supports
0,7100 - 0,7030
 

andy003

Master Trader
Jan 7, 2009
252
1
47
AUD/USD moves without trend and swings approximately exponential moving averages. The volatility is low. Bollinger bands are flat. Oscillators have been seen neutral. The price should continue to move in Bollinger bands. It is risky to make a trade.
 

andy003

Master Trader
Jan 7, 2009
252
1
47
The Euro (EUR/USD) moved minor tonight for the first time in the past five days of trading. The Euro lost 70 pips in the Sunday session, dragging the major currencies lower against the greenback. This week, the Euro-area has numerous reports planned on daily, but none of them are likely to move the currency market.
 

andy003

Master Trader
Jan 7, 2009
252
1
47
The Aussie (AUD/USD) broke on Thursday above the 200-day moving average for the first-time since August 2008 and simultaneously reached the maximum valuation since October 2008. However, the moment was short-term because the Aussie as the rest of the major currencies saw strong selling orders during the US and the European session. At the end of the day, the Aussie formed a pin-bar. During the Asian session, the Aussie rose 30pips as it jumped off the 200 day moving average.