ISE FX Australian Dollar: the downside prevails.

By IBTimes Staff Reporter | July 29 2010 11:20 AM

Update on supports and resistances.Resistance3 : 129.75Resistance2 : 123.65Resistance1 : 118.5Last Price : 110.98Pivot Point: 118.5Support1 : 106.75Support2 : 102Support3 : 100Pivot: 118.5Our preference: Short positions below 118.5 with targets @ 106.75 & 102 in extension.Alternative scenario: Above 118.5 look for further upside with 123.65 & 129.75 as targets.Comment: the RSI is capped by a bearish trend line.129.75123.65118.5110.98 (last)106.75102100*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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