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INTRADAY TRADING SIGNAL BY ACETRADER.COM :
AUD/USD: 0.9047

Last Update At 06 May 2010 08:06 GMT

Although aussie's early selloff to 0.8991 sig-
nals recent decline has resumed, present rebound suggests a minor low has possibly been formed n abv 0.9055/60 wud bring stronger retrace. to 0.9184, however, reckon 0.9105 shud remain intact.


Below 0.8991 wud extend marginal weakness but loss of momentum shud keep price abv 0.8950/55.

Range Forecast
0.8991 / 0.9030


Resistance/Support
R: 0.9052/0.9184/0.9105
S: 0.8991/0.8978/0.8950

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INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD
EUR/USD: 1.2853

Late Update At 06 May 2010 02:54 GMT

As euro has managed to ratchet higher in Asian
morning after intra-day rebound fm 1.2789 (AUS), suggesting recent downtrend has formed a minor low there n consolidation with nr term upside bias is seen for a recovery but 1.2905 wud remain intact.


For st trade, buy dips for 1.2865 n if price
rises to 1.2880 1st, sell for retreat to 1.2840.

Range Forecast
1.2825 / 1.2865


Resistance/Support
R: 1.2868/1.2905/1.3926
S: 1.2803/1.2789/1.2731

http://www.acetraderfx.com

Market Review - 05/05/2010 21:31GMT

Euro plunges to a 14-month low as fears of Greek debt contagion dominate

The single currency fell sharply across the board on Wednesday on fear that a euro-zone debt crisis might spread beyond Greece. Besides, Greek workers' general strike and protests also indicated Greece might have difficulties in implementing the spending cuts.

Despite minor recovery to 1.2996 in European morning, the single currency retreated from there and later tumbled to an intra-day low of 1.2803 in US morning due to Greek debt contagion fears together with the weakness in European and U.S. stocks. Euro was also pressured by the news that Moody's said Portugal's AA2 ratings was on ...

INTRA-DAY GBP/USD: 1.5143

Last Update At 05 May 2010 06:08 GMT

Despite initial euro-led weakness to 1.5106 in
Asian opening, subsequent rebound suggests further choppy trading abv y'day's low at 1.5090 (NY) wud continue with mild upside bias but reckon 1.5188 wud cap intra-day rise n yield another retreat.


For st trade, buy dips for 1.5165 n if cable
rises to 1.5175 1st, sell for pullback to 1.5135.


Range Forecast
1.5125 / 1.5160

Resistance/Support
R: 1.5188/1.5212/1.5240
S: 1.5090/1.5065/1.5043

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