Forex Trading – FX Technical Commentary
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FX Technical Commentary
Euro 1.5000
Initial support at 1.4802 (Nov 20 low) followed by 1.4702 (Nov 4 low). Initial resistance is now located at 1.5020 (Nov 27 high) followed by 1.5144 (Nov 25 high)
Yen 86.60
Initial support is located at 85.00 (key level) followed by 84.80 (Nov 27 low). Initial resistance is now at 87.48 (Nov 26 low) followed by 88.01 (Oct 7 former low).
Pound 1.6495
Initial support at 1.6241 (Oct 19 low) followed by 1.6155 (0.618 of 1.5708-1.6878). Initial resistance is now at 1.6534 (Nov 27 high) followed by 1.6746 (Nov 25 high).
Australian Dollar 0.9120
Initial support at 0.8907 (Nov 2 low) followed by the 0.8859 (Oct 1). Initial resistance is now at 0.9138 (Nov 27 high) followed by 0.9323 (Nov 25 high).
Gold 1173
Initial support at 1138 (Nov 27 low) followed by 1127 (Nov 17 high). Initial resistance is now at 1195 (Nov 26) followed by 1200 (Key level).
Oil 76.20
Initial support at 75.00 (Intraday support) followed by 74.50 (Intraday support). Initial resistance is now at 78 (intraday resistance) followed by 80 (Key level).
| Currency | Sup 2 | Sup 1 | Spot | Res 1 | Res 2 |
|---|---|---|---|---|---|
| EUR/USD | 1.4702 | 1.4802 | 1.5000 | 1.5020 | 1.5144 |
| USD/JPY | 84.18 | 84.83 | 86.60 | 87.48 | 88.01 |
| GBP/USD | 1.6155 | 1.6241 | 1.6495 | 1.6534 | 1.6746 |
| AUD/USD | 0.8859 | 0.8907 | 0.9120 | 0.9138 | 0.9323 |
| XAU/USD | 1127.00 | 1138 | 1173.00 | 1195.00 | 1200.00 |
| OIL/USD | 74.50 | 75.00 | 76.20 | 78.00 | 80.00 |
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