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Sellers stepped in on the spike towards 1.5460 after the US nonfarm payrolls Friday and it closed in the lower end of the daily range. Could signal a possible correction is in the making. However as long as the short term tem rising support at 1.5330 holds the momentum is bullish.
Support: 1.5330 (short term rising sup), 1.5147 (rising sup), 1.5094 (former overhead res), 1.4967(former high), 1.4750 (break out level), 1.4890 (rising support),
Resistance: 1.5460 (Fridayâ€™s high)
240 min â€“ Rising support at 1.5330.
The break above 1.9960 was trigger for move higher, hitting the 2.0200 level Friday. Have resistance at 2.0230 level, which might be hard to break above on the first test. Keep a close eye on this level and if this level breaks then it could accelerate higher towards the overhead resistance at 2.0415. To the downside the closest support points are; the break out level of 1.9960 and the rising support is coming in at 1.9830 today.
Support: 1.9960(for key res), 1.9830 (rising sup), 1.9736 (break out level), 1.9650, 1.9500 (break out level), 1.9360, 1.9337 (key Jan low), 1.9310
Resistance: 2.0230 (Key level), 2.0415 (overhead res)
120 min â€“ Rising support coming in at 1.9830.
Donâ€™t really have much support levels to go by as it is trading in unchartered territory, have underlying support from June 07 low coming in at 1.0050, which should offer some support if it is tested. The strong close for the USD on Friday might imply a support level has been found. Have falling resistance at 1.0570 today, with the key point being former all time low at 1.0728 now.
Support: 1.0133(Fridayâ€™s low), 1.0050 (underlying support going back to June 07)
Resistance: 1.0416 (former sup line), 1.0554 (former support), 1.0570 (falling res), 1.0728 (prior low), 1.0936 (break down level), 1.0950 (falling res), 1.1067 (overhead res), 1.1120, 1.1205(former support level), 1.1350(former support), and 1.1370 (key falling resistance from Jun 07 highs)
Saw stops getting taking out below 101.70 down to 45 on Friday, but still some support at 101.70 (2005 low of 101.67) and if stocks could bounce from the current levels this support should hold on for now. Key resistance is the falling resistance at 103.30 today.
Support: 101.67 (2005 low), 100 (key level)
Resistance: 103.30 (falling res), 104.95 (former 2008 low), 105.70 (former key support), 107.04 (former rising support), 107.25 (falling res), 108.63 (overhead res), 110.00, 110.70, 112.80 (key level) 114.60 (key level), 114.73 (reaction high 11/7-07)
Have rising support coming in at 156.67 today and this level should hold on the first test (trend line support from 23th of Jan low). Next support level is 155.53 followed by 154.04 (key support). Have falling resistance coming in at 158.03 today and key resistance remains 161.60.
Support: 156.67 (rising support), 155.53, 154.04, 153.83 (long term rising trend line)
Resistance: 158.03 (falling res), 160.63 (falling res), 161.60 (minor res), 162.17 (key res)
Basically trading inside a rising channel with 0.9995 resistance on top and underlying support at 0.9757. Strong unemployment report out of Canada on Friday that should support CAD a bit the next few days.
Support: 0.9757 (rising support from Nov07 low), 0.9710 (28/2 low), 0.9639 (underlying support)
Resistance: 0.9995 (former support line), 1.0124 (short term falling res), 1.0222(overhead res), 1.0280 (falling res from Aug 07 high), 1.0380 (key level, overhead res), 1.0400(former key support.)
Somewhat of a weak close Friday that signals some selling interest towards the 0.7700 level and it took out the short term rising support at 0.7625 on Friday as well, which is also a signal that a correction might be on the cards. Technically still bullish above 0.7612 break out level. More rising support coming in at 0.7515.
Support: 0.7612 (former high), 0.7597(rising support), 0.7515 (former res), 0.7487 (rising support), 0.7400, 0.7387 (rising sup), 0.7284 (rising support)
Resistance: 0.7677 (Fridayâ€™s high)
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