FX Technical Commentary

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Euro 1.3705

Initial support at 1.3436 (Mar 2 low) followed by 1.3424 (may 18 low). Initial resistance is now located at 1.3692 (Feb 23 high) followed by 1.3788 (Feb 17 high)

Yen 88.45

Initial support is located at 88.25 (0.618 of 84.83-93.77) followed by 87.37 (Dec 9 low). Initial resistance is now at 89.50 (Feb 26 high) followed by 90.36 (Feb 23 high).

Pound 1.5100

Initial support at 1.4855 (Mar 2 low) followed by 1.4784 (Mar 1 low). Initial resistance is now at 1.5209 (Mar 1 high) followed by 1.5317 (Feb 26 low).

Australian Dollar 0.9055

Initial support at 0.8936 (Mar 1 low) followed by the 0.8863 (Feb 26 low). Initial resistance is now at 0.9093 (Jan 25 high) followed by 0.9147 (Jan 21 high).

Gold 1139

Initial support at 1111 (Mar 1low) followed by 1104 (Feb 26 low). Initial resistance is now at 1146 (Jan 14 high) followed by 1161 (Jan 11 high).

Oil 80.80

Initial support at 80.00 (Intraday Support) followed by 78.00 (Intraday Support). Initial resistance is now at 82.00 (Intraday Resistance) followed by 82.50 (Intraday Resistance).

Currency Sup 2 Sup 1 Spot Res 1 Res 2
EUR/USD 1.3424 1.3436 1.3705 1.3788 1.3839
USD/JPY 87.37 88.25 88.45 89.50 90.36
GBP/USD 1.4784 1.4855 1.5100 1.5209 1.5317
AUD/USD 0.8863 0.8936 0.9055 0.9093 0.9147
XAU/USD 1104.00 1111 1139.00 1146 1161.00
OIL/USD 78.00 80 80.80 82.00 82.50

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