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Australian Dollar: Rebound In Sight
By Trading Central on October 29, 2009 | More Posts By Trading Central | Author's Website
Update on supports and resistances.
| Resistance3: | 122.5 |
| Resistance2: | 118.15 |
| Resistance1: | 113.85 |
| Last: | 109.45 |
| Pivot: | 107 |
| Support1: | 107 |
| Support2: | 102 |
| Support3: | 94 |
Our preference: Long positions above 107 with targets @ 113.85 & 118.15 in extension.
Alternative scenario: Below 107 look for further downside with 102 & 94 as targets.
Comment: the RSI broke above a bearish trend line.
122.5
118.15
113.85
109.45 (last)
107
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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