Australian Dollar: The Downside Prevails

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Australian Dollar: The Downside Prevails

By Trading Central on April 16, 2009 | More Posts By Trading Central | Author's Website

Update on supports and resistances.

Resistance3:	152.5
Resistance2:	148
Resistance1:	145
Last:	139
Pivot:	145
Support1:	136.5
Support2:	133.65
Support3:	130

Pivot: 145

Our preference: Short positions below 145 with targets @ 136.5 & 133.65 in extension.

Alternative scenario: Above 145 look for further upside with 148 & 152.5 as targets.

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

152.5
148
145
139 (last)
136.5
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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