ISE FX Australian Dollar: caution.

 @ibtimes on November 24 2009 10:50 AM

Update on supports and resistances.Resistance3 : 122.5Resistance2 : 118.15Resistance1 : 112.5Last Price : 108.95Pivot Point: 112.5Support1 : 105.5Support2 : 102Support3 : 94Pivot: 112.5Our 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.122.5118.15112.5108.95 (last)105.510294*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

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