05-07-2010, 09:13 AM
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Superior Investor
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Join Date: Sep 2008
Posts: 11,435
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AUD/USD Daily Outlook
AUD/USD dived to as low as 0.8715 before forming a temporary low there and recovered. Intraday bias is neutral for the moment and some consolidation might be seen. Nevertheless, upside is expected to be limited well below 0.9093 resistance and bring fall resumption. Below 0.8819 will flip intraday bias to the downside for 0.8715 first. Break there will target 0.8577 key support next.
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