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Trading Central

Australian Dollar: Under Pressure

By Trading Central on May 11, 2009 | More Posts By Trading Central | Author's Website

Update on supports and resistances.

Resistance3:146.25
Resistance2:143.8
Resistance1:137.5
Last:131.3
Pivot:137.5
Support1:130
Support2:126.5
Support3:122.5
Pivot: 137.5

Our preference: Short positions below 137.5 with targets @ 130 & 126.5 in extension.

Alternative scenario: Above 137.5 look for further upside with 143.8 & 146.25 as targets.

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

146.25
143.8
137.5
131.3 (last)
130
126.5
122.5

*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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