FX Technical Commentary – 06.22.2010
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Euro 1.2345
Initial support at 1.2242 (June 17 low) followed by 1.2045 (June 11 low). Initial resistance is now located at 1.2453 (May 28 high) followed by 1.2672 (May 21 high)
Yen 91.05
Initial support is located at 89.81 (May 27 low) followed by 88.97 (May 20 low). Initial resistance is now at 91.48 (June 21 high) followed by 92.12 (June 14 high).
Pound 1.4790
Initial support at 1.4646 (Jun 17 low) followed by 1.4505 (Jun 11 low). Initial resistance is now at 1.4918 (May 13 high) followed by 1.5054 (May 10 high).
Australian Dollar 0.8810
Initial support at 0.8753 (June 21 low) followed by the 0.8582 (June low). Initial resistance is now at 0. 8865 (May 17 high) followed by 0.9027 (May 17 high).
Gold 1239
Initial support at 1227 (June 16 low) followed by 1210 (June 7 low). Initial resistance is now at 1280 (1241.97 plus 1.618 of 1227.09- 1251.18) followed by 1300 (Round Number).
Oil 78.70
Initial support at 78.00 (Intraday Support) followed by 75.00 (Intraday Support). Initial resistance is now at 79.50 (Intraday Resistance) followed by 80.00 (Intraday Resistance).
| Currency | Sup 2 | Sup 1 | Spot | Res 1 | Res 2 |
|---|---|---|---|---|---|
| EUR/USD | 1.2045 | 1.2242 | 1.2345 | 1.2453 | 1.2672 |
| USD/JPY | 88.87 | 89.81 | 91.05 | 91.48 | 92.12 |
| GBP/USD | 1.4505 | 1.4646 | 1.4790 | 1.4918 | 1.5054 |
| AUD/USD | 0.8582 | 0.8753 | 0.8810 | 0.8865 | 0.9027 |
| XAU/USD | 1210.00 | 1227 | 1239 | 1280 | 1300.00 |
| OIL/USD | 75 | 78.00 | 78.70 | 79.50 | 80.00 |
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