ISE FX Australian Dollar: the downside prevails.

By @ibtimes on

Update on supports and resistances.

Resistance3 : 127.5
Resistance2 : 122.5
Resistance1 : 115
Last Price : 110.6
Pivot Point: 115
Support1 : 105
Support2 : 102
Support3 : 94

Pivot: 115

Our preference: Short positions below 115 with targets @ 105 & 102 in extension.

Alternative scenario: Above 115 look for further upside with 122.5 & 127.5 as targets.

Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

127.5
122.5
115
110.6 (last)
105
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

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