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Forex Metal Technical Analysis -02/03/10
Written by article default Tuesday, 02 March 2010 16:28
EURUSD
The pair is declining to its support at 1.3433. If the pair breaks out this level then the pair will decline to 1.3229. The indicators are in oversold zone warning of possible uptrend corrections.
Resistance: 1.3598, 1.3749, 1.3855
Support: 1.3433, 1.3229, 1.2993
GBPUSD
The pair has broken out 1.5252 and reached 1.4845. At this level is Fibo 61.8% may stop pair from declining for a while. The local support is at 1.4668.
Resistance: 1.5058, 1.5252, 1.5484
Support: 1.4845, 1.4668, 1.4507
USDCHF
The pair returned to MA (500) trying to close above this level. The closest resistance is at 1.0960.
Resistance: 1.0960, 1.1047, 1.1123
Support: 1.0821, 1.0726, 1.0618
USDJPY
The pair declined to 89.30. Support is at 88.64.
Resistance: 90.04, 91.25, 92.58
Support: 88.64, 87.01, 85.16
AUDUSD
The pair is trying to break out 0.8903, signaling of possible test 0.8724.
Resistance: 0.8903, 0.9177, 0.9336
Support: 0.8724, 0.8576, 0.8408