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INTRADAY TRADING SIGNAL BY ACETRADER.COM: AUD/USD

AUD/USD : 0.9982

Last Update At 15 Nov 2010 02:20 GMT

A$'s rebound after holding abv Fri's 0.9825 low
suggests further choppy trading inside nr term 0.98825-0.9945 range wud be seen n price shud falter well below said res for another fall but only below 0.9839 signals recent decline has resumed, 0.9800.

Sell on recovery with stop as indicated n only
abv 0.9944 aborts n risks correction twd 0.9975...

Range Forecast
0.9865 / 0.9905

Resistance/Support
R: 0.9921/0.9944/0.9975
S: 0.9839/0.9825/0.9789

http://www.acetraderfx.com

Market Review - 12/11/2010 21:04 GMT

Euro surges against dollar on speculation of a EU bailout plan for Ireland

Despite extending recent decline to 1.3573 in European morning on Friday, the single currency finally staged a strong rebound from a 6-week low against dollar on market's speculation EU leaders have hammered out a bailout plan for Ireland and other eurozone most debt-ridden countries after the 2-day G-20 Summit meeting in Seoul, South Korea.

Euro remained under pressure in Asia and weakened to a 6-week low of 1.3573 in European morning, the single currency then rallied to 1.3747 as rumour circulated that a bailout plan for Ireland had been reached. However, euro swiftly retreated to ...

INTRA-DAY GBP/USD: 1.6061

Last Update At 12 Nov 2010 08:43 GMT

As intra-day rebound in eur/usd has lifted cable
, suggesting further sideways trading abv European morning low at 1.6014 wud continue n recovery to 1.6082 is seen but reckon 1.6000/03 wud cap upside n yield subsequent decline.

Exit previous short n sell again on further rise
n only abv 1.6134 (Asia) wud confirm low is made.


Range Forecast
1.6040 / 1.6080

Resistance/Support
R: 1.6082/1.6134/1.6162
S: 1.6014/1.5952/1.5877

http://www.acetraderfx.com

INTRA-DAY EUR/USD OUTLOOK

Last Update At 12 Nov 2010 06:04 GMT

Rate : 1.3598

Euro's breach of 1.3601 confirms recent decline
fm last week's high of 1.4283 has once again resumed n further weakness twds 1.3566 wud be seen, however, nr term o/sold condition shud limit downside to 1.3530/40 n yield rebound later.

Sell on recovery with stop as indicated, break
wud risk stronger rebound to 1.3637/40.

Range Forecast
1.3570 / 1.3610

Resistance/Support
R: 1.3672/1.3727/1.3765
S: 1.3566/1.3514/1.3434

http://www.acetraderfx.com