ISE FX Australian Dollar: under pressure.

By @ibtimes on

Update on supports and resistances.Resistance3 : 129.75Resistance2 : 123.65Resistance1 : 120Last Price : 115.25Pivot Point: 120Support1 : 111.2Support2 : 106.75Support3 : 102.15Pivot: 120Our preference: Short positions below 120 with targets @ 111.2 & 106.75 in extension.Alternative scenario: Above 120 look for further upside with 123.65 & 129.75 as targets.Comment: the pair is coming back below the neckline of the double bottom.129.75123.65120115.25 (last)111.2106.75102.15*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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