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Australian Dollar: Bullish Bias Above 1215
By Trading Central on July 2, 2009 | More Posts By Trading Central | Author's Website
Update on supports and resistances.
| Resistance3: | 137.6 |
| Resistance2: | 134 |
| Resistance1: | 130 |
| Last: | 125.65 |
| Pivot: | 121.5 |
| Support1: | 121.5 |
| Support2: | 117.5 |
| Support3: | 113.5 |
Our preference: Long positions above 121.5 with targets @ 130 & 134 in extension.
Alternative scenario: Below 121.5 look for further downside with 117.5 & 113.5 as targets.
Comments: the RSI is mixed with a bullish bias.
137.6
134
130
125.65 (last)
121.5
117.5
113.5
*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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