Sell again on further recovery with stop as indicated n only abv 0.8975/80 aborts n risks 0.9000/05.
INTRADAY TRADING SIGNAL BY ACETRADER.COM :
AUD/USD: 0.8907
Last Update At 19 Feb 2010 05:30 GMT
Despite aud’s marginal weakness to 0.8887, subsequent bounce suggests a minor low has possibly been formed n a rebound to 0.8935/40 is likely, however, this move is viewed as a retrace of y’day’s sell-off, reckon 0.8962 should hold, yield strong retreat.
Sell again on further recovery with stop as indicated n only abv 0.8975/80 aborts n risks 0.9000/05.
Range Forecast
0.8890/ 0.8930
Resistance/Support
R: 0.8962/0.9002/0.9027
S: 0.8887/0.8877/0.8848