Forex Forecast – FX Technical Commentary

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FX Technical Commentary

Euro 1.4960

Initial support at 1.4833 (Nov 23 low) followed by 1.4802 (Nov 20 low). Initial resistance is now located at 1.4999 (Nov 23 high) followed by 1.5048 (Nov 11 high)

Yen 88.50

Initial support is located at 88.36 (Oct 9 low) followed by 88.01 (Oct 7 low). Initial resistance is now at 89.19 (Nov 23 high) followed by 89.75 (Nov 16 high).

Pound 1.6580

Initial support at 1.6461 (Nov 20 low) followed by 1.6402 (Nov 4 low). Initial resistance is now at 1.6676 (Nov 20 high) followed by 1.6750 (Nov 19 high).

Australian Dollar 0.9195

Initial support at 0.9061 (Nov 20 low) followed by the 0.8971 (Nov 4 low). Initial resistance is now at 0.9277 (Nov 23 high) followed by 0.9337 (Nov 18 high).

Gold 1169

Initial support at 1153 (Nov 23 low) followed by 1132 (Nov 20 high). Initial resistance is now at 1174 (Nov 23 high) followed by 1177 (1.764 of 985 – 1070.80 from 1026.60).

Oil 75.80

Initial support at 75.60 (Intraday support) followed by 75.00 (Intraday support). Initial resistance is now at 77.60 (intraday resistance) followed by 78 (intraday resistance).

Currency Sup 2 Sup 1 Spot Res 1 Res 2
EUR/USD 1.4802 1.4833 1.4960 1.4999 1.5048
USD/JPY 88.01 88.36 88.50 89.19 89.75
GBP/USD 1.6402 1.6461 1.6580 1.6676 1.6750
AUD/USD 0.8971 0.9061 0.9195 0.9277 0.9337
XAU/USD 1132.00 1153 1168.00 1174.00 1177.00
OIL/USD 75.00 75.60 75.80 77.60 78.00

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Post Title: Forex Forecast – FX Technical Commentary
Author: admin
Posted: 25th November 2009
Filed As: Forex, Forex Forecast, Support and Resistance, Technical Indicator, Trendline
Tags: ,
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