FX Technical Commentary

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Euro 1.3940

Initial support at 1.3833 (Jul 8 low) followed by 1.3749 (Jun 16 low). Initial resistance is now located at 1.4097 (Jan 25 high) followed by 1.4218 (Dec 22 high)

Yen 89.95

Initial support is located at 89.14 (Jan 27 low) followed by 88.97 (Dec 18 low). Initial resistance is now at 90.56 (Jan 22 high) followed by 91.87 (Jan 21 high).

Pound 1.6145

Initial support at 1.6108 (Jan 27 low) followed by 1.6078 (Jan 11 low). Initial resistance is now at 1.6296 (Jan 26 high) followed by 1.6312 (Jan 21 high).

Australian Dollar 0.8930

Initial support at 0.8902 (Dec 30 low) followed by the 0.8857 (Dec 29 low). Initial resistance is now at 0.9093 (Jan 25 high) followed by 0.9146 (Jan 21 high).

Gold 1083

Initial support at 1074 (Dec 22 low) followed by 1070 (Oct 14 low). Initial resistance is now at 1104 (Jan 25 high) followed by 1117 (Jan 21 high).

Oil 73.70

Initial support at 73.00 (Intraday support) followed by 72.50 (Intraday Support). Initial resistance is now at 74.00 (Intraday Resistance) followed by 75.00 (Intraday Resistance).

Currency Sup 2 Sup 1 Spot Res 1 Res 2
EUR/USD 1.3749 1.3833 1.3940 1.4097 1.4194
USD/JPY 88.97 89.14 89.95 90.56 91.87
GBP/USD 1.6078 1.6108 1.6145 1.6296 1.6312
AUD/USD 0.8857 0.8902 0.8930 0.9093 0.9146
XAU/USD 1070.00 1074 1083.00 1104 1117.00
OIL/USD 72.50 73.00 73.70 74.00 75.00

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Post Title: FX Technical Commentary
Author: admin
Posted: 29th January 2010
Filed As: Forex, Support and Resistance, Technical Analysis
Tags: , ,
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