Forex Market Outlook on Minors/Crosses

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INTRADAY TRADING SIGNAL BY ACETRADER.COM: AUD/USD

AUD/USD : 1.0226

Last Update At 11 Aug 2011 03:29 GMT

Despite aud's intra-day euro-led strg rebound fm
1.0110 to 1.0278, present retreat suggests consoli-
dation is in seen, however, reckon downside shud be
ltd to 1.0200 n yield subsequent rebound twd 1.0250
but abv 1.0291 needed to bring stronger gain later.

Buy on dips, stop as indicated, break wud pro-
long choppy trading n risk twd 1.0110 again.

Range Forecast
1.0210 / 1.0260

Resistance/Support
R: 1.0291/1.0382/1.0414
S: 1.0219/1.0110/1.0064

Source: http://www.fxstreet.com/technical/forex-signals/forex-market-outlook-on-minorscrosses/2011-08-11.html

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