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AUDUSD continued its downward move yesterday, and the fall extended to as low as 0.9663. Resistance remains at he downward trend line on 4-hour chart, as long as the trend line resistance holds, downtrend could be expected to continue after a minor consolidation, and next target would be at 0.9600 area, only a clear break above the trend line could indicate that the fall is complete.



Forex Signals

Welcome to the FXReturn.com London Forex Market Call for November 24th.,2011. GBP/USD: Closes near the lows and below the September 29th. pivot high of 1.5714 for the 3rd. session. Consecutive closes below 1.5714 will retain the markets bearish posture with the September 22nd. pivot low of 1.5326 as the next downside objective. A recovery, however, of the 1.5714 level will spark a near term rally into the 1.5850 area. The Timing Oscillator is recognizing a negative formation and momentum continues to build to the short side suggesting more downside price activity is on the horizon | GOLD: Erases nearly all of Tuesdays gains and closes below the 50 day average which resides at $1720. Consecutive closes below the 50 day average will keep the ...

Revised GDP in the UK and Ifo Business Climate in Europe are the major market-movers. Let see what awaits us today.

In Canada, Corporate Profits is due to stay -4.9% similar to the last quarter.

For more on USD/CAD, read the Canadian dollar forecast.

In Europe, German Information and Forschung (Ifo) Business Climat, measures the monthly change in business conditions, is about to decrease from 106.4 points on October down to 105.3 now. And the Belgium National Bank of Belgium (NBB) Business Climate shows similar reduces from -10.4 down to -11.3.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/forex-daily-outlook-november-24-2011/"]Forex Daily Outlook November 24 ...

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