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Technicals

US Dollar gets a Bernanke bounce

CURRENCY TRADING SUMMARY 11th June 2008 (00:30GMT)
10 Jun, 2008 @ 08:47 pm EST
TonyD
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Pound 1.9535

Initial support at 1.9520 (Jun 10 low) followed by 1.9500 (Big Number). Initial resistance is now at 1.9755 (Jun 10 high) followed by 1.9801 (Jun 9 high)

Australian Dollar 0.9460

Initial support at 0.9442 (Jun 10 low) followed by 0.9430 (61.8% Fib entrancement .9292 to .9655). Initial resistance is now at 0.9648 (Jun 9 high) followed by 0.9655 (May 21 high).

Gold 870

Initial support at 864 (Jun 10 low) followed by 860.5 (May 14 low). Initial resistance is now at 909.2 (June 9 high) followed by 930.9 (May 27 high).

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