FX Technical Commentary – Daily 06.08.2010
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Euro 1.1930
Initial support at 1.1827 (March 2006 low) followed by 1.1640 (Nov 2005 low). Initial resistance is now located at 1.2453 (May 28 high) followed by 1.2587 (May 24 high)
Yen 91.60
Initial support is located at 90.54 (June 1 low) followed by 89.81 (May 27 low). Initial resistance is now at 92.97 (May 18 low) followed by 93.64 (May 13 high).
Pound 1.4480
Initial support at 1.4393 (Jun 7 low) followed by 1.4366 (May 27 low). Initial resistance is now at 1.4771 (June 2 high) followed by 1.4878 (50% 0f 1.5544-1.4231).
Australian Dollar 0.8130
Initial support at 0.8067 (May 25 low) followed by the 0.8000 (Big Figure). Initial resistance is now at 0. 8552 (May 28 low) followed by 0.8579 (Feb 5 low).
Gold 1240
Initial support at 1202 (May 28 low) followed by 1185 (May 25 low). Initial resistance is now at 1250 (May 14 high) followed by 1261 (1123.90 plus 1.618 of 1085.3-1170.1).
Oil 71.50
Initial support at 70.00 (Intraday Support) followed by 69.50 (Intraday Support). Initial resistance is now at 72.50 (Intraday Resistance) followed by 75.00 (Intraday Resistance).
| Currency | Sup 2 | Sup 1 | Spot | Res 1 | Res 2 |
|---|---|---|---|---|---|
| EUR/USD | 1.1640 | 1.1827 | 1.1930 | 1.2453 | 1.2587 |
| USD/JPY | 89.81 | 90.54 | 91.60 | 92.97 | 93.64 |
| GBP/USD | 1.4366 | 1.4393 | 1.4480 | 1.4878 | 1.4918 |
| AUD/USD | 0.8000 | 0.8067 | 0.8130 | 0.8552 | 0.8579 |
| XAU/USD | 1185.00 | 1202 | 1240 | 1250 | 1261.00 |
| OIL/USD | 69.50 | 70.00 | 71.50 | 72.50 | 75.00 |
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