ISE FX Australian Dollar: caution.

By Trading Central
24 November 2009 @ 10:50 am EDT

Update on supports and resistances.

Resistance3 : 122.5
Resistance2 : 118.15
Resistance1 : 112.5
Last Price : 108.95
Pivot Point: 112.5
Support1 : 105.5
Support2 : 102
Support3 : 94

Pivot: 112.5

Our preference: Short positions below 112.5 with targets @ 105.5 & 102 in extension.

Alternative scenario: Above 112.5 look for further upside with 118.15 & 122.5 as targets.

Comment: the RSI lacks downward momentum.

122.5
118.15
112.5
108.95 (last)
105.5
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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