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Wednesday, March 22, 2006

Forex forecast AUD / USD for 21st march 2006

The 24-hrs forecast based trend chart gives the expected trend for day during the three different sessions -Japanese, European and US.

Intra-day forecast (AUD / USD - 21st Mar)
USD will become strong against AUD. AUD/USD will gradually become weak - Short Term Trend Reversal Phase.
Early trading Hrs, AUD/USD will be moderate and volatility expected, will become firm during late GMT trading Hrs. AUD/USD shows support at 0.7192 closing will be firm.

spot- trade- clues
Buy AUD/USD during 02:00-03:00 GMT trading Hrs below 0.7192 level and sell AUD/USD during 23:00-24:00 GMT trading Hrs above 0.7387 level

Trade Signal - Trend and Timings
Trend for the day: Upward till 11:30 GMT and further upward till day end with intermediary swing of 10-20 Pips
Buy/Sell Time level/limit Stop
Buy 02:30 PM 22-26 pips below
Sell 07:30 PM
Buy 08:30 PM 22-26 pips below
Sell 14:30 PM
Buy 14:30 PM 22-26 pips below
Sell 23:30 PM
Time - GMT , PM- Prevailing Market