ISE FX Australian Dollar: rebound in sight.

By Trading Central
02 November 2009 @ 11:20 am EDT

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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