Forex Market Outlook on Minors/Crosses

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INTRADAY TRADING SIGNAL BY ACETRADER.COM: AUD/USD

AUD/USD : 1.0416

Last Update At� 22 Aug 2011 07:48 GMT

Despite aud's pullback fm 1.0445, present strg
rebound after holding abv 1.0363 (NZ) suggests con
solidation with upside bias is seen for gain to 1.0
420 n then 1.0445, however, reckon Friday's high of
1.0482 shud remain intact n yield retreat.

Buy on dips, stop as indicated, below wud signal
an intra-day high is made n risk 1.0315.

Range Forecast
1.0390 / 1.0440

Resistance/Support
R: 1.0445/1.0482/1.0522
S: 1.0363/1.0315/1.0264

Source: http://www.fxstreet.com/technical/forex-signals/forex-market-outlook-on-minorscrosses/2011-08-22.html

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