FX Technical Commentary
Posted by adminEuro 1.3730
Initial support at 1.3584 (May 20 low) followed by 1.3485 (61.8% retrace of 1.2459 to 1.5144). Initial resistance is now located at 1.3903 (Feb 4 high) followed by 1.4026 (Feb 3 high)
Yen 89.25
Initial support is located at 89.00 (big figure) followed by 88.50 (Feb 4 low). Initial resistance is now at 90 (key level) followed by 91.28 (Feb 3 high).
Pound 1.5760
Initial support at 1.5708 (Oct 13 low) followed by 1.5517 (May 21 low). Initial resistance is now at 1.5918 (Feb 4) followed by 1.6069 (Feb 3 high).
Australian Dollar 0.8675
Initial support at 0.8647 (Oct 5 low) followed by the 0.8570 (Oct 2 low). Initial resistance is now at 0.8826 (Feb 4 high) followed by 0.8928 (Feb 2 high).
Gold 1065
Initial support at 1055 (Nov 3 low) followed by 1041 (Nov 2 low). Initial resistance is now at 1100 (Big figure) followed by 1125 (Feb 3 high).
Oil 73.30
Initial support at 73.00 (Intraday Support) followed by 72.50 (Intraday Support). Initial resistance is now at 75.00 (Intraday Resistance) followed by 77.00 (Intraday Resistance).
| Currency | Sup 2 | Sup 1 | Spot | Res 1 | Res 2 |
|---|---|---|---|---|---|
| EUR/USD | 1.3485 | 1.3584 | 1.3730 | 1.3903 | 1.4026 |
| USD/JPY | 88.50 | 89.00 | 89.25 | 90.00 | 91.28 |
| GBP/USD | 1.5517 | 1.5708 | 1.5760 | 1.5918 | 1.6069 |
| AUD/USD | 0.8570 | 0.8647 | 0.8675 | 0.8826 | 0.8928 |
| XAU/USD | 1041.00 | 1055 | 1065.00 | 1100 | 1125.00 |
| OIL/USD | 72.50 | 73.00 | 73.30 | 75.00 | 77.00 |
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