Australian Dollar: Caution

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Australian Dollar: Caution

By Trading Central on May 6, 2009 | More Posts By Trading Central | Author's Website

Update on supports and resistances.

Resistance3:	152.5
Resistance2:	146.25
Resistance1:	143.8
Last:	133.5
Pivot:	133.5
Support1:	133.5
Support2:	130
Support3:	126.5

Pivot: 133.5

Our preference: Long positions above 133.5 with targets @ 143.8 & 146.25 in extension.

Alternative scenario: Below 133.5 look for further downside with 130 & 126.5 as targets.

Comments: the pair is challenging a key support area, caution.

152.5
146.25
143.8
133.5 (last)
133.5
130
126.5

*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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