Technical Outlook – FX Technical Commentary

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Euro 1.3590

Initial support at 1.3500 (Apr 9 high) followed by 1.3341 (Apr 9 low). Initial resistance is now located at 1.3741 (Mar 18 high) followed by 1.3819 (Mar 17 high)

Yen 93.20

Initial support is located at 92.76 (Mar 31 low) followed by 92.25 (0.382 of 88.14-94.79). Initial resistance is now at 93.77 (Apr 9 high) followed by 94.27 (Apr 7 High).

Pound 1.5370

Initial support at 1.5130 (Apr 6 low) followed by 1.5044 (Mar 31 low). Initial resistance is now at 1.5575 (Feb 23 high) followed by 1.5688 (Feb 18 low).

Australian Dollar 0.9255

Initial support at 0.9224 (Apr 8 low) followed by the 0.9166 (Apr 6 low). Initial resistance is now at 0.9388 (Apr 12 high) followed by 0.9406 (Nov 16 high).

Gold 1156

Initial support at 1143 (Apr 8 low) followed by 1132 (Apr 7 low). Initial resistance is now at 1169 (Dec 8 high) followed by 1183 (0.764 of 1126.56-1044.85).

Oil 84.20

Initial support at 83.80 (Intraday Support) followed by 82.50 (Intraday Support). Initial resistance is now at 85.00 (March high) followed by 86.00 (Intraday Resistance)

Currency Sup 2 Sup 1 Spot Res 1 Res 2
EUR/USD 1.3341 1.3500 1.3590 1.3741 1.3819
USD/JPY 92.25 92.76 93.20 93.77 94.27
GBP/USD 1.5044 1.5130 1.5370 1.5575 1.5688
AUD/USD 0.9166 0.9224 0.9255 0.9388 0.9406
XAU/USD 1132.00 1143 1156.00 1169 1183.00
OIL/USD 82.50 83.8 84.20 85 86.00

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Post Title: Technical Outlook – FX Technical Commentary
Author: admin
Posted: 13th April 2010
Filed As: Day Trading, Forex, Support and Resistance, Technical Analysis
Tags: , , ,
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