Australian Dollar: The Downside Prevails

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Australian Dollar: The Downside Prevails

By Trading Central on April 13, 2009 | More Posts By Trading Central | Author's Website

Update on supports and resistances.

Resistance3:	155
Resistance2:	152.5
Resistance1:	146.15
Last:	137.7
Pivot:	146.15
Support1:	137.6
Support2:	133.65
Support3:	130

Pivot: 146.15

Our preference: Short positions below 146.15 with targets @ 137.6 & 133.65 in extension.

Alternative scenario: Above 146.15 look for further upside with 152.5 & 155 as targets.

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

155
152.5
146.15
137.7 (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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