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INTRADAY TRADING SIGNAL BY ACETRADER.COM: AUD/USD

AUD/USD : 0.9855

Last Update At 12 Jan 2011 03:20 GMT

Although aud has eased after intra-day rebound fm 0.9803 to 0.9867 n consolidation below there is in store until European opening, this move signals recent decline has formed a temp. low there, reckon pullback shud be ltd n yield stronger gain later.

Trade fm long side for 0.9887/90, stop as indica
ted, below wud defer n risk 0.9820/25 b4 'up'.

Range Forecast
0.9845 / 0.9865

Resistance/Support
R: 0.9867/0.9887/0.9908
S: 0.9803/0.9777/0.9752

http://www.acetraderfx.com

All three listed AUD pairs in the plans have intermediate D1 downtrends in place. The AUD/CAD has a strong downtrend in place

AUD/USD – set sell alarm at 0.9800, we expect it to drop down to as low as 0.9600, intermediate downtrend in place

AUD/NZD – set sell alarm at 1.2920, should test support at 1.2650

AUD/CAD – set sell alarm at 0.9700, this pair has excellent pip potential and could drop for months, strong downtrend looks fully formed

When the price alarms hit verify any sell entries with The Forex Heatmap ™ and look for AUD weakness or cross currency strength or both.


Good Trading
Mark Mc Donnell
www.forexearlywarning.com
Spot Forex ...

[B]Bias: [/B] While 82.93-17 supports the risk remains higher for 84.70-75 and later higher

Yesterday's dip stalled at 82.66 and spent the rest of the day pushing higher. Basically this looks positive and could even resume gains directly. The only risk I see is a slightly deeper pullback from yesterday's 83.48 high but which should remain above the 82.93-00 area. From here - or even directly - we should see gains to the 83.67 high maybe even closer to 84.07.
However, somewhere in the area a further minor pullback should be seen ahead of gains which seem to have a probable target around 84.70-75. Expect another correction around here following which the next target is between 85.23-43.

Only loss of 82.90 ...

Attached Files

• The Brief Daily Forecaster.pdf (33.5 KB, 85 次查看)

Market Review - 11/01/2011 21:40 GMT

Euro edges higher before Portugal's debt auction
The euro ratcheted higher against the dollar on Tuesday due to short-covering as traders became cautious ahead of a heavy schedule of debt issuance by southern European countries this week. Traders would pay attention to Portugal's debt auction on Wednesday and the country will sell up to 1.25 billion euros of bonds, followed by Spanish and Italian bond sales on Thursday.

Euro was supported as Japan's Finance Minister Yoshihiko Noda said Japan will buy euro bonds to help boost trust in European Financial Stability Facility (EFSE) scheme while eurozone sources said the finance ministers of the region would be likely ...