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USD/AUD Index: The Downside Prevails.
By Trading Central on March 30, 2009 | More Posts By Trading Central | Author's Website
Update on supports and resistances.
| Resistance3: | 166.5 |
| Resistance2: | 159 |
| Resistance1: | 151.3 |
| Last: | 147.3 |
| Pivot: | 151.3 |
| Support1: | 137.6 |
| Support2: | 133.65 |
| Support3: | 130 |
Our preference: Short positions below 151.3 with targets @ 137.6 & 133.65 in extension.
Alternative scenario: Above 151.3 look for further upside with 159 & 166.5 as targets.
Comments: the RSI is capped by a declining trend line.
166.5
159
151.3
147.3 (last)
137.6
133.65
130
*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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