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INTRA-DAY AUD/USD OUTLOOK : 0.6510

Updating time :26 Jan 2009 07:20 GMT

As aussie's breach of 0.6510 signals the fall fm
0.6589 (Friday's high) has resumed, further weak-
ness twd 0.6455/65 is seen but below is needed to
confirm the correction fm 0.6417 (Friday's low) has
ended n yield re-test of said sup later.

Sell at market with stop as indicated n only abv
0.6558 aborts n risks gain twds 0.6589...

Range Forecast
0.6470 / 0.6520

Resistance/Support
R: 0.6558/0.6589/0.6618
S: 0.6490/0.6455/0.6417

http://www.acetraderfx.com

[SIZE="5"]EUR/USD - Euro Dollar[/SIZE]
1,2910. EUR USD is in a range between 1,2765 and 1,3075. The volatility is high. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,3030 (120 pips). The downtrend should continue to gather momentum.
[INDENT][B]Resistances[/B]
1,2980 - 1,3080
[B]Supports[/B]
1,2860 - 1,2765[/INDENT]more information on [URL="http://www.mataf.net/en/forex-eurusd.htm"]EUR/USD - Euro Dollar [B]Click Here[/B][/URL]
[CENTER][IMG]http://www.mataf.net/section/devises/page/images/eurusd.png[/IMG][/CENTER][SIZE="5"]GBP/USD - British Pound Dollar[/SIZE]
1,3583. GBP USD is in an downtrend directed ...

Market Review - 23/01/2009 23:17 GMT

British pound falls to 24-year low of 1.3500 on recession before rebounding


The British pound tumbled to a 24-year low of 1.3500 after a report showed the U.K. economy shrank last quarter by the most since 1980. U.K. gross domestic product fell by 1.5% during the fourth quarter, much weaker than the economists’ forecast of a contraction of 1.2%. The U.K. economy has shrunk for two consecutive quarters, matching the definition of a recession, however, profit-taking bids ahead of the weekend lifted cable back above the 1.3800 level. The single currency also rallied against sterling to 0.9473. Sterling tumbled to a record low of 118.87 versus the Japanese yen before ...

http://www.ablesys.com/fxcm

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