Forex Market Outlook on Minors/Crosses

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INTRADAY TRADING SIGNAL BY ACETRADER.COM: AUD/USD

AUD/USD : 1.0475

Last Update At� 18 Aug 2011 08:07 GMT

Despite aud's brief breach of 1.0472, lack of
strong follow-through selling n present recovery fm
1.0462 suggests consolidation abv there is in store
n gain to 1.0495/00 is seen, however, break of 1.05
10/12 needed to suggest an intra-day low made.

Exit short n stand aside as below 1.0462 is
needed to extend fall fm 1.0601 twd 1.0407 later.

Range Forecast
1.0450 / 1.0490

Resistance/Support
R: 1.0558/1.0571/1.0601
S: 1.0462/1.0407/1.0360

Source: http://www.fxstreet.com/technical/forex-signals/forex-market-outlook-on-minorscrosses/2011-08-18.html

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