Australian Dollar: Caution

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Australian Dollar: Caution

By Trading Central on February 5, 2009 | More Posts By Trading Central | Author's Website

Update on supports and resistances.

Resistance3:	185
Resistance2:	166.5
Resistance1:	159
Last:	153.35
Pivot:	143.15
Support1:	143.15
Support2:	137.6
Support3:	133.65

Pivot: 143.15

Our preference: Long positions above 143.15 with targets @ 159 & 166.5 in extension.

Alternative scenario: Below 143.15 look for further downside with 137.6 & 133.65 as targets.

Comments: intraday technical indicators are mixed and call for caution.

185
166.5
159
153.35 (last)
143.15
137.6
133.65

*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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