Australian Dollar: Bullish Bias Above 1215

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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

Pivot: 121.5

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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