FX Technical Commentary

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Euro 1.4335

Initial support at 1.4262 (Dec 18 low) followed by 1.4178 (Sept 1 low). Initial resistance is now located at 1.4536 (Dec 17 high) followed by 1.4591 (Dec 16 high)

Yen 90.40

Initial support is located at 88.58 (Dec 15 low) followed by 88.20 (Dec 11 low). Initial resistance is now at 90.91 (Dec 17 high) followed by 91.32 (Nov 4 High).

Pound 1.6140

Initial support at 1.5973 (Oct 15 low) followed by 1.5903 (Oct 14 low). Initial resistance is now at 1.6411 (Dec 16 high ) followed by 1.6516 (Dec 7 high).

Australian Dollar 0.8905

Initial support at 0.8760 (Oct 6 low) followed by the 0.8647 (Oct 5 low). Initial resistance is now at 0.9011 (Dec 17 high) followed by 0.9070 (Dec 16 high).

Gold 1116

Initial support at 1095 (Nov 17 low) followed by 1084 (Nov 5 low). Initial resistance is now at 1141 (Dec 17 high) followed by 1147 (Dec 9 high) .

Oil 74.50

Initial support at 72.50 (Intraday support) followed by 70.00 (Intraday support). Initial resistance is now at 75.00 (Key Psychological Level) followed by 76.00 (Intraday resistance).

Currency Sup 2 Sup 1 Spot Res 1 Res 2
EUR/USD 1.4178 1.4262 1.4335 1.4536 1.4591
USD/JPY 88.20 88.58 90.40 90.91 91.32
GBP/USD 1.5903 1.5973 1.6140 1.6411 1.6516
AUD/USD 0.8647 0.8760 0.8905 0.9011 0.9070
XAU/USD 1080.00 1095 1116.00 1141.00 1147.00
OIL/USD 70.00 72.50 74.50 75.00 76.00

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Post Title: FX Technical Commentary
Author: admin
Posted: 21st December 2009
Filed As: Forex, Support and Resistance, Technical Analysis
Tags: , ,
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