FOREX TRADE ALERT for AUD/USD

Australian Dollar

The Aussie dollar broke out of its widening formation against the Dollar, penetrating the key resistance level of $0.9000. Expect a retracement to test the new support level, but the long term target is parity.

Next Day Trading Ranges for Thursday Oct 08, 2009

The [R3] or the most extreme high trading range is 0.9200.

The [R2] or the extreme high trading range is 0.9115.

The [R1] or the high trading range is 0.9068.

The [P] or pivot point is 0.8983.

The [S1] or the low trading range is 0.8936.

The [S2] or the extreme low trading range is 0.8851.

The [S3] or the most extreme low trading range is 0.8804.

Current Day Trading Session:

Momentum is continuing upward at the present time.

Next Day Trading Session:

If the next day’s close is below 0.8520 then that could be a sign that the current upward momentum is reversing.

4xGenie Support Team

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