Australian Dollar: Rebound

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Australian Dollar: Rebound

By Trading Central on April 20, 2009 | More Posts By Trading Central | Author's Website

Update on supports and resistances.

Resistance3:	152.5
Resistance2:	147.6
Resistance1:	145
Last:	142
Pivot:	136.5
Support1:	136.5
Support2:	133.65
Support3:	130

Pivot: 136.5

Our preference: Long positions above 136.5 with targets @ 145 & 147.6 in extension.

Alternative scenario: Below 136.5 look for further downside with 133.65 & 130 as targets.

Comments: the RSI has broken up its 30 level.

152.5
147.6
145
142 (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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