USD/AUD Index: The Downside Prevails.

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USD/AUD Index: The Downside Prevails.

By Trading Central on April 8, 2009 | More Posts By Trading Central | Author's Website

Update on supports and resistances.

Resistance3:	159
Resistance2:	155
Resistance1:	148
Last:	140.5
Pivot:	148
Support1:	137.6
Support2:	133.65
Support3:	130

Pivot: 148

Our preference: Short positions below 148 with targets @ 137.6 & 133.65 in extension.

Alternative scenario: Above 148 look for further upside with 155 & 159 as targets.

Comments: the RSI is capped by a declining trend line.

159
155
148
140.5 (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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