ISE FX Australian Dollar: rebound in sight.
02 Nov, 2009 @ 11:20 am ET | By Trading Central
Update on supports and resistances.
Resistance3 : 122.5
Resistance2 : 118.15
Resistance1 : 113.85
Last Price : 110.2
Pivot Point: 107
Support1 : 107
Support2 : 102
Support3 : 94
Pivot: 107
Our preference: Long positions above 107 with targets @ 113.85 & 118.15 in extension.
Alternative scenario: Below 107 look for further downside with 102 & 94 as targets.
Comment: the RSI has broken above its channel resistance.
122.5
118.15
113.85
110.2 (last)
107
102
94
*USD/AUD Index: the ISE Exchange measures the strength and weakness of the US DOLLAR versus the AUSTRALIAN DOLLAR. For details go to www.ise.com
For more forex information go to www.tradingcentral.com
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