FX Technical Commentary

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Euro 1.3890

Initial support at 1.3853 (Feb 1 low) followed by 1.3833 (Jun 8 low). Initial resistance is now located at 1.4053 (Jan 28 high) followed by 1.4097 (Jan 27 high)

Yen 90.95

Initial support is located at 89.59 (Jan 29 low) followed by 89.14 (Jan 27 low). Initial resistance is now at 91.88 (Jan 21 high) followed by 92.05 (Jan 14 high).

Pound 1.5905

Initial support at 1.5833 (Dec 30 low) followed by 1.5708 (Oct 13 low). Initial resistance is now at 1.6083 (0.236 of 1.6458-1.5851) followed by 1.6179 (Jan 29 high).

Australian Dollar 0.8815

Initial support at 0.8781 (Feb 2 low) followed by the 0.8735 (Dec 23 low). Initial resistance is now at 0.8928 (Feb 2 high) followed by 0.8962 (Jan 29 high).

Gold 1111

Initial support at 1100 (Big figure) followed by 1070 (Oct 14 low). Initial resistance is now at 1128 (0.618 of 1161.80-1073.85) followed by 1141 (0.764 of 1161.80-1073.85).

Oil 76.90

Initial support at 75.00 (Intraday support) followed by 74.00 (Intraday Support). Initial resistance is now at 77.00 (Intraday Resistance) followed by 78.00 (Intraday Resistance).

Currency Sup 2 Sup 1 Spot Res 1 Res 2
EUR/USD 1.3833 1.3853 1.3890 1.4053 1.4097
USD/JPY 89.14 89.59 90.95 91.88 92.05
GBP/USD 1.5708 1.5833 1.5905 1.6083 1.6179
AUD/USD 0.8735 0.8781 0.8815 0.8928 0.8962
XAU/USD 1070.00 1100 1111.00 1128 1141.00
OIL/USD 74.00 75.00 76.90 77.00 78.00

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Post Title: FX Technical Commentary
Author: admin
Posted: 4th February 2010
Filed As: Day Trading, Forex, Support and Resistance, Technical Analysis
Tags: , , ,
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