Forex signals update Apr 09-2008

EUR-USD => sideways range, risk is for a dip down to 1.5660-70 if trading below 1.5700, requires over 1.5750 for gains to extend to 1.5780-90

AUD-USD => pullback within overall move higher while trading above 0.9235-45 rising trend line support, forming strength over 0.9325 calls for a move higher

GBP-USD => consolidation below main 1.9730-60 resistance, buying corrective preference while trading above 1.9680, trading below calls for another try for 1.9650, then 1.9600-10

Further comments at http://forex-trading-signals.net/morning-comments

In fundamentals today we would be interested in Australian dollar:

9:30pm EST AUD Employment Change => High Impact Expected.
Forecast = 10.0K. If Actual data comes to be higher than that, we will have a stronger AUD. Lower - weaker.

9:30pm EST AUD Unemployment Rate =>Medium Impact Expected.
Forecast = 4.1%. If actual comes to be lower than that, we will have a stronger AUD, higher - weaker.

Good luck in Forex today!

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