Australian Dollar: Under Pressure

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Australian Dollar: Under Pressure

By Trading Central on October 22, 2009 | More Posts By Trading Central | Author's Website

Update on supports and resistances.

Resistance3:	127.5
Resistance2:	122.5
Resistance1:	115
Last:	108.5
Pivot:	115
Support1:	105
Support2:	102
Support3:	94

Pivot: 115

Our preference: Short positions below 115 with targets @ 105 & 102 in extension.

Alternative scenario: Above 115 look for further upside with 122.5 & 127.5 as targets.

Comment: the immediate trend remains down and the momentum is strong.

127.5
122.5
115
108.5 (last)
105
102
94

*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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