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Forex-Metal Technical analysis for 7/12
Written by article default Tuesday, 07 December 2010 19:46
EURUSD
The pair couldn’t stay below Fibonacci retracement 38.2% at 1.30987 and aiming to the next Fibonacci level 50% at 1.34882.
Resistance: 1.34882, 1.35985, 1.37486
Support: 1.33143, 1.31674, 1.30277
GBPUSD
The pair is under Moving Average 1.57814. Once the pair closes above this level the pair will rise to 1.58543 and 1.60322.
Resistance: 1.58543, 1.60322, 1.62050
Support: 1.56722, 1.54842, 1.53482
USDCHF
The pair’s support is 0.97130. If this level is broken the pair will rise to the next level at 0.99608. Resistance is 0.98750. If this level is broken the pair will decline to the next support at 0.97130.
Resistance: 0.98750, 0.99608, 1.00466
Support: 0.97892, 0.97130, 0.96480
USDJPY
The pair has declined to trendline. If the pair closes below 82.219 the pair will continue declining to 81.399
Resistance: 83.065, 84.866, 85.960
Support: 82.219, 81.399, 80.438
AUDUSD
The pair is trying to continue rising. If the pair stays above 0.98436 it will be a bear’s sing. If the pair closes below 0.98436 the pair will decline to 0.97423 and 0.96464.
Resistance: 0.99207, 1.00067, 1.00907
Support: 0.98436, 0.97424, 0.96464