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AUDUSD continues its downward movement from 1.0255 and the fall extended to as low as 0.9803 level. Deeper decline is still possible in a couple of days and next target would be at 0.9700-0.9750 area. Initial resistance is at 0.9890 and key resistance is at 0.9991, only break above these level could indicate that the downtrend from 1.0255 is complete.



Daily Forex Forecast

dailyfx.bmpWelcome to the FXReturn.com London Forex Market Call for January 12th.,2011. GBP/USD: Closes near the highs of the session as the market trades into the 1.5600 handle infusing a breed of confidence in the bull camp. The next upside objective is the December 31st. high at 1.5663. A close above 1.5663 will spark a longer term rally up into pivot resistance at 1.5909. If the market breaches support at 1.5432, a precipitous drop to 1.5344 would ensue. The Timing Oscillator and momentum indicators are rising establishing a bullish tone of the market | GOLD: Closes near the highs of the session and above the 50 day average creating bullish overtones. A close above $1383.8 will reinstate the bullish temperment of the market as ...

Welcome to the FXReturn.com New York Market Call for January 11th.,2011. DOW: Opens higher on the session and trading above the 10 day average creating bullish overtones. Consecutive closes above 11,647 will keep the bullish temperment of the market in tact with 12,255 as the next upside objective. A failure of the 10 day average will encourage selling down to 11,387 | EURO: Trading on the worst levels of the session and below the 1.3000 handle keeping the bearish posture of the market in tact. The next downside objectives are 1.2755 then 1.2630. A recovery of 1.2968 will spark a rally into overhead resistance at 1.3054 | DailyFX Forum visitors can sign up for our FREE Live Interactive Webinars and Live Trading Room at FXReturn.com as well ...

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