[B]DAILY AUD/USD OUTLOOK - 0.9989[/B]
[B]14 May 2013 [I]01:03GMT [/I][/B]
Y’day’s fall to a 10-1/2 month low at 0.9941 suggests decline fm 1.0625 (Sep 12’) to retrace early rise fm 2012 low at 0.9581 wud extend twd 0.9922 after consolidation but near term loss of momentum wud limit weakness to 0.9900/05 n bring rebound.
Sell on recovery n only abv 1.0047 (prev. sup) signals temp. low made, risks gain to 1.0070/80.
[B]STRATEGY[/B] : Sell at 1.0020
[B]OBJECTIVE[/B] : 0.9935
[B]STOP-LOSS[/B] : 1.0055
[B]RES[/B] : 1.0030/1.0047/1.0116
[B]SUP[/B] : 0.9941/0.9922/0.9887