AUD/USD signal by AceTrader

[acetraderfx]

INTRA-DAY AUD/USD OUTLOOK : 0.6550

Updating time :23 Jan 2009 02:32 GMT

A$'s retreat fm o/n NY high at 0.6594 suggests
consolidation with downside bias is seen but below
0.6490 (y'day's low) is needed to signal correction
fm 0.6455 has ended n yield resumption of recent
decline to re-test said sup.

Sell recovery, stop abv 0.6594, break prolongs
choppy trading inside 0.6455-0.6659 n risks 0.6618.

Range Forecast
0.6530 / 0.6570

Resistance/Support
R: 0.6594/0.6618/0.6659
S: 0.6490/0.6455/0.6409

[Anne09]

Price action on AUD/USD, a daily chart of whichis shown, is closing out a decisively bullish week that saw the pairbreak cleanly above 0.7400 and then follow-through all the way up to ahigh above 0.7600. As a result, a new overall uptrend in the pair hastentatively been confirmed.