[B]DAILY AUD/USD OUTLOOK - 1.0359
14 Feb 2013 [I] 22:00GMT[/I][/B]
Despite aussie’s rebound at Asian open fm 1.0342, abv 1.0375 (Aus) needed to signal recent rise fm Tue’s 3-1/2 month low at 1.0227 has resumed n bring further gain to 1.0393, however, nr term loss of momentum wud keep price below 1.0416.
Stand aside n look to sell for day trade as below 1.0327 wud suggest said correction is over, 1.0300.
[B]STRATEGY[/B] : Stand aside
[B]FORECAST[/B] : 1.0350 / 1.0375
[B]RES[/B] : 1.0375/1.0393/1.0416
[B]SUP[/B] : 1.0327/1.0300/1.0267
…
[B]DAILY USD/CAD OUTLOOK - 1.0005
14 Feb 2013 [I]23:35GMT[/I][/B]
Usd’s retreat fm Wed’s 1.0044 high suggests consolidation below Jan’s top at 1.0101 wud continue with downside bias. Below 0.9994 extends to 0.9971.
Trade fm short side with stop as indicated n only abv 1.0044 wud signal a temp. low is made, 1.0088.
[B]STRATEGY[/B] : Hold short
[B]POSITION[/B] : Short at 1.0035
[B]OBJECTIVE[/B] : 0.9985
[B]STOP-LOSS[/B]: 1.0035
[B]RES[/B] : 1.0044/1.0088/1.0101
[B]SUP[/B] : 0.9994/0.9971/0.9932