FX Technical Commentary

Last Updated on Monday, 29 November 2010 06:18 Written by admin Monday, 29 November 2010 06:18

FX Technical Commentary

Euro 1.3220

Initial support at 1.3199 (Nov 26 low) followed by 1.2988 (76.4% retracement of 1.2588-1.4282). Initial resistance is now located at 1.3300 (Big Figure Resistance) followed by 1.3634 (Nov 23 high)

Yen 84.10

Initial support is located at 82.79 (Nov 23 low) followed by 81.66 (Nov 12 low). Initial resistance is now at 83.99 (Oct 5 high) followed by 85.40 (Sept 24 high).

Pound 1.5585

Initial support at 1.5503 (Sep 21 Low) followed by 1.5297 (Sep 7 low). Initial resistance is now at 1.5838 (Nov 24 high) followed by 1.6094 (Nov 19 high).

Australian Dollar 0.9640

Initial support at 0.9542 (Oct 5 low) followed by the 0.9477 (50% retrace of 0.8771-1.0183). Initial resistance is now at 0.9818 (Nov 26 high) followed by 0.9954 (Nov 22 high).

Gold 1354

Initial support at 1329 (Nov 16 low) followed by 1315 (Oct 22 low). Initial resistance is now at 1382 (Nov 23 high) followed by 1424 (Nov 9 high).

Oil 83.70

Initial support at 82.50 (Intraday Support) followed by 81.00 (Intraday Support). Initial resistance is now at 84.50 (Intraday Resistance) followed by 85.00 (Intraday Resistance).