FX Technical Commentary

Last Updated on Monday, 8 November 2010 07:01 Written by admin Monday, 8 November 2010 07:01

FX Technical Commentary

Euro 1.3955

Initial support at 1.3637 (Oct 5 low) followed by 1.3560 (Sept 30 low). Initial resistance is now located at 1.4282 (Nov 4 High) followed by 1.4373 (76.4% retrace of 1.5144-1.1877)

Yen 81.15

Initial support is located at 80.23 (Nov 1 low) followed by 79.75 (Apr 1995 low). Initial resistance is now at 81.80 (Nov 3 high) followed by 82.01 (Oct 13 high).

Pound 1.6130

Initial support at 1.6080 (Nov 4 Low) followed by 1.5878 (Oct 29 low). Initial resistance is now at 1.6379 (76.4% retrace of 1.7047-1.4231) followed by 1.6458 (Jan 19 high).

Australian Dollar 1.0125

Initial support at 0.9866 (Nov 2 low) followed by the 0.9653 (Oct 27 low). Initial resistance is now at 1.0183 (Nov 5 high) followed by 1.0212 (0.9652 plus 0.618 of 0.8316-0.9222).

Gold 1390

Initial support at 1346 (Nov 4 low) followed by 1315 (Oct 22 low). Initial resistance is now at 1398 (Nov 5 High) followed by 1400 (Round Number).

Oil 86.90

Initial support at 85.00 (Intraday Support) followed by 84.50 (Intraday Support). Initial resistance is now at 87.500 (Intraday Resistance) followed by 88.00 (Intraday Resistance).