Despite yesterday's brief rise from 0.9033 to 0.9093, subsequent retreat suggests the recovery fm Tuesday's low of 0.9017 has possibly ended. Downside bias is seen for a resumption of recent fall from 0.9334; below 0.9033 would confirm a yield retest of 0.9017.
Sell on pullback with stop as indicated, break risks stronger gain to 0.9117 but 0.9136 would hold.
Range Forecast
+0.9017 / 0.9040+
Resistance/Support
R: 0.9093/0.9117/0.9136
S: 0.9017/0.9004/0.8974
Last Update At
30 Mar 2012 01:05 GMT
Rate
+0.9029+
Strategy/Entry Level
Sell at +0.9040+
Objective
+0.9010+
Stop-Loss
+0.9060+