ISE FX Australian Dollar: bullish bias above 106.

By IBTimes Staff Reporter | May 21 2010 10:50 AM

Update on supports and resistances.Resistance3 : 129.75Resistance2 : 127.5Resistance1 : 122.5Last Price : 121.28Pivot Point: 106Support1 : 106Support2 : 102Support3 : 94Pivot: 106Our preference: Long positions above 106 with targets @ 122.5 & 127.5 in extension.Alternative scenario: Below 106 look for further downside with 102 & 94 as targets.Comment: the RSI is bullish and calls for further advance.129.75127.5122.5121.28 (last)10610294*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

Sponsorship Link

Eurozone Crisis Hinges on Structural Reforms, Says Draghi and Weidmann

Eurozone Crisis Hinges on Structural Reforms, Says Draghi and Weidmann

Alibaba Subsidiary Lets Small And Medium Sized-Companies Hedge Against Fluctuating Yuan

Alibaba Subsidiary Lets Small And Medium Sized-Companies Hedge Against Fluctuating Yuan

Eurozone Leaders Try to Tackle Tax Evasion

Eurozone Leaders Try to Tackle Tax Evasion

Radical AfD Political Party Could Disrupt German Elections

Radical AfD Political Party Could Disrupt German Elections

In Depth

3D Printing Risks: Not Just Plastic Guns, But Military Parts, Drugs And Chemical Weapons

3-D Printing: Plastic Guns Should Be The Least Of Our Worries

Whatever Happened To Libyan Oil? For Western Oil Giants, The Crude Is Sweet But China And Russia May Get The Biggest Taste

Two Years After Revolution, Whatever Happened To Libyan Oil?

The Euro Zone Economies Are Spiraling Down But By The Social Progress Index European Nations Beat The US For The Top Spots [CHART]

In Providing Basic Needs, Europe Bests The US

Africa's Economic Future Depends On Local Ownership, Entrepreneurship & Big Ideas

Africa's Economic Future Depends On Big Ideas

web counter