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INTRA-DAY EUR/USD OUTLOOK

Last Update At 23 Nov 2010 04:35 GMT

Rate : 1.3583

Despite euro's rebound after extending y'day's
selloff fm 1.3786 to 1.3545 in Asian morning n sideways trading is now envisaged, abv 1.3600/05 needed to signal aforesaid fall has made a minor low there n bring retracement twd 1.3633 b4 another decline.

Below 1.3545 wud yield marginal weakness but
loss of momentum wud keep euro abv 1.3525.

Range Forecast
1.3560 / 1.3590

Resistance/Support
R: 1.3633/1.3663/1.3723
S: 1.3545/1.3510/1.3460

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INTRADAY TRADING SIGNAL BY ACETRADER.COM: AUD/USD

AUD/USD : 0.9873

Last Update At 23 Nov 2010 02:11 GMT

As aud has staged a bounce after retreating fm
0.9895 (NZ/AUS) to 0.9852, suggesting upside risk remains but only abv said res wud signal decline fm y'day's top at 0.9955 is still being retraced n extend gain fm 0.9823 (NY) twd 0.9905/15.

Below 0.9852 wud prolong choppy sideways trading but 0.9823 is expected to hold in Asia. Stand aside

Range Forecast
0.9845 / 0.9885

Resistance/Support
R: 0.9895/0.9913/0.9955
S: 0.9823/0.9813/0.9776

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Market Review - 22/11/2010 22:56 GMT

Euro falls due to Irish uncertainty and contagion fears

Euro fell on Monday as Moody's said it might downgrade the credit rating of Ireland by more than one level. The single currency was also pressured by investors' worries over how a bailout on Ireland would be implemented together with fears of contagion to other euro-zone countries. The Irish Green Party's call for new general election added uncertainty to the situation.

The single currency rose initially in Asian morning as Sunday's official announcement by Irish FINMIN Brian Lenihan that Ireland would seek a bailout from international lenders prompted short-term investors to push euro higher. Euro rose ...

INTRA-DAY EUR/USD OUTLOOK

Last Update At 22 Nov 2010 04:26 GMT

Rate : 1.3753

Although euro has maintained a firm undertone
after intra-day resumption of upmove fm last week' slow at 1.3446 to 1.3768 earlier, near term loss of momentum shud prevent strg gain abv res at 1.3777 n reckon res at 1.3822/26 wud remain intact.

On the downside, a firm breach of 1.3713 wud signal top is possibly n yield weakness to 1.3695 (NZ)


Range Forecast
1.3735 / 1.3765

Resistance/Support
R: 1.3777/1.3807/1.3822
S: 1.3733/1.3713/1.3695

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