ISE FX Australian Dollar* ST: rebound expected.

  @ibtimes on

Update on supports and resistances.

Resistance3 : 155
Resistance2 : 152.5
Resistance1 : 146.25
Last Price : 138.3
Pivot Point: 136.5
Support1 : 136.5
Support2 : 133.65
Support3 : 130

Pivot: 136.5

Our preference: Long positions above 136.5 with targets @ 146.25 & 152.5 in extension.

Alternative scenario: Below 136.5 look for further downside with 133.65 & 130 as targets.

Comments: the RSI lacks downward momentum.

155
152.5
146.25
138.3 (last)
136.5
133.65
130

*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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