INFONEWZ FOREX ONLINE

http://infonewz.blogspot.com

Pic Author

| Forex | Forex Forecast | Forex Data | Forex Broker | Forex Specialist |



 

Thursday, June 02, 2005

Forex forecast for AUD/USD

other majors are expected to swing and firm up during trend reversal time.....wait for the rise and initiate shorting in them........

SELL OTHER MAJORS ONLY DURING FIRMING UP MOVES NEAR HIGH SET FOR THE DAY USING ADVANCE HEDGING OR TRAILING STOP AND BUY NEAR THE LOW SET FOR THE DAY TO BOOK PROFIT AS DIRECTIONAL SWING TRADES ........

SESSION WISE SWINGS:

Early Japanese session - USD will be highly volatile with spike*
Late Japanese session - highly volatile with spike* (00:30 - 07:00 GMT)

Early European session - USD will become highly volatile with spike
Late European session highly volatile with spike (07:30 - 13:00 GMT)

Early US session - USD will become highly volatile with spike
Late US session highly volatile with spike ( 13:30 - 20:30 GMT)

each session is of 7 hrs and 30 duration and they can be divided as early, mid and late each of 2 hrs and 30 min

AUD/USD – The pair is taking cue from other majors as the heavy data week from Australia will give further clues. The support zone around 0.7525-40 has held well so far but a break below 0.75 could lead to the acceleration in losses with 0.7440-55 the only strong support zone till 0.72. On the upside, resistance lies around 0.7640-55 with very strong resistance and offers on a break above 0.77.

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home