05-13-2010, 07:14 AM
|
|
Superior Investor
|
|
Join Date: Sep 2008
Posts: 11,435
|
|
AUD/USD Daily Outlook
The strong rebound from 0.8888, with 4 hours MACD back above signal line suggests that AUD/USD's rebound for 0.8715 is possibly regathering momentum for another rise. Intraday bias is turned back to the upside for 61.8% projection of 0.8715 to 0.9077 from 0.8888 at 0.9112. But we'd expect strong resistance from 0.9134/9324 resistance to limit upside. On the downside, break of 0.8888 will in turn indicate that rebound from 0.8715 has finished and will turn bias back to the downside for retesting this low.
Read Full Out-Look by Action Forex |
Linear Mode
