DAILY AUD/USD OUTLOOK - 1.0435
25 Mar 2013 00:55GMTGMT
Aud’s resumption of upmove fm Mar’s 7-1/2 month low at 1.0116 to 1.0460 suggests price wud head to 1.0485 res after initial consolidation, abv wud extend marginally to 1.0600/05, however, nr term loss of momentum wud cap price below 1.0522/27 today.
Buy on dips for this move n only a daily close below 1.0415 signals temp. top is made, 1.0363.
STRATEGY : Hold long
POSITION : Long at 1.0435
OBJECTIVE : 1.0595
STOP-LOSS : 1.041
RES : 1.0460/1.0485/1.0527
DAILY AUD/USD OUTLOOK - 1.0425
05 Apr 2013 07:03GMT
Despite aud’s retreat fm y’day’s NY high at 1.0455 to 1.0400 in Asia, subsequent recovery suggests consolidation inside broad range of 1.0386-1.0498 is seen n gain to 1.0438/40 cannot be ruled out, however, 1.0454/55 res shud cap upside.
On the downside, only below 1.0386 sup wud confirm fall fm 1.0498 has resumed, 1.0363.
STRATEGY : Stand aside
FORECAST : 1.0400 / 1.0440
RES : 1.0438/1.0455/1.0498
SUP : 1.0400/1.0386/1.0363
[B]DAILY AUD/USD OUTLOOK - 1.0547[/B]
[B]12 Apr 2013[/B] [I][B]07:03GMT[/B][/I]
Despite y’day’s ‘erratic’ rise to a fresh 2-1/2 month high of 1.0583, as long as 2013 top at 1.0599 (Jan) holds, prospect of a retrace. of early upmove fm 1.0116 remains, below 1.0500 confirms temporary high is made n yields retracement twd 1.0474.
Hold short n only abv key res 1.0625 (Sep 12’) wud extend MT uptrend to 1.0650/60 later next week.
[B]STRATEGY[/B] : Hold short
[B]POSITION[/B] : Short at 1.0565
[B]OBJECTIVE[/B] : 1.0480
[B]STOP-LOSS[/B] : 1.0585
[B]RES[/B] : 1.0583/1.0599/1.0625
[B]SUP[/B] : 1.0500/1.0474/1.0448
