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Forex-Metal Weekly technical analysis.
Written by article default Monday, 26 July 2010 07:55
EURUSD
The pair is aiming to the second level of Fibonacci retracement of 38.2% at 1.3113. The next aim at Moving Average (200) at 1.3229 if the pair breaks and closes above 1.3113. Support at 1.2701.
Resistance: 1.3028, 1.3229, 1.3433
Support: 1.2863, 1.2701, 1.2569
GBPUSD
The pair is testing resistance at 1.5484 again. If the pair breaks this level and closes higher, the pair may rise up to 1.56722 (strong level channel line). If the pair breaks 1.52523, the pair will decline to 1.50581.
Resistance: 1.54842, 1.56722, 1.58543
Support: 1.52523, 1.50581, 1.48532
USDCHF
If the pair stays above 1.05139 the pair will rise to 1.07258. If the pair stays below 1.05139 the pair will decline to 1.03987.
Resistance: 1.06179, 1.07258, 1.08210
Support: 1.05139, 1.03987, 1.02747
USDJPY
The pair is trading in the narrow range between 87.675 and 86.345. Once 86.345 is broken, the pair will decline to 85.161.
Resistance: 88.640, 90.045, 91.254
Support: 87.014, 86.095, 85.161
AUDUSD
The pair has risen to 0.8976. If the pair breaks 0.9028 the pair will rise up to 0.9177. MACD divergence shows that the pair may roll back, support at 0.8724.
Resistance: 0.9028, 0.9177, 0.9336
Support: 0.8903, 0.8724, 0.8272