ISE FX Australian Dollar* ST: the downside prevails.

on July 30 2009 11:50 AM

Update on supports and resistances.Resistance3 : 137.6Resistance2 : 134Resistance1 : 129.5Last Price : 120.85Pivot Point: 129.5Support1 : 117.5Support2 : 113.5Support3 : 110Pivot: 129.5Our preference: Short positions below 129.5 with targets @ 117.5 & 113.5 in extension.Alternative scenario: Above 129.5 look for further upside with 134 & 137.6 as targets.Comments: the RSI is capped by a declining trend line.137.6134129.5120.85 (last)117.5113.5110*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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