ISE FX Australian Dollar* ST: the downside prevails.

  @ibtimes on

Update on supports and resistances.

Resistance3 : 137.6
Resistance2 : 134
Resistance1 : 129.5
Last Price : 120.85
Pivot Point: 129.5
Support1 : 117.5
Support2 : 113.5
Support3 : 110

Pivot: 129.5

Our 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.

137.6
134
129.5
120.85 (last)
117.5
113.5
110

*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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