Forex Market Outlook on Minors/Crosses

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INTRADAY TRADING SIGNAL BY ACETRADER.COM: AUD/USD

AUD/USD : 1.1041

Last Update At 28 Jul 2011 04:23GMT

As aud has rebounded after holding abv minor sup�
at 1.1002 (AUS), suggesting as long as this lvl �
holds, consolidation with mild upside bias is seen�
for gain to 1.1068, however, y'day's 29-year high �
of 1.1081 shud hold n yield choppy trading.�

Turn long on dips, stop below there as break wud�
risk stronger retracement to 1.0969/70 b4 recovery.�

Range Forecast
1.1015 / 1.1045

Resistance/Support
R: 1.1045/1.1068/1.1081

S: 1.1045/1.1068/1.1081

Source: http://www.fxstreet.com/technical/forex-signals/forex-market-outlook-on-minorscrosses/2011-07-28.html

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