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Australian Dollar: Caution
By Trading Central on November 20, 2009 | More Posts By Trading Central | Author's Website
Update on supports and resistances.
| Resistance3: | 122.5 |
| Resistance2: | 118.15 |
| Resistance1: | 112.5 |
| Last: | 109.5 |
| Pivot: | 112.5 |
| Support1: | 105.5 |
| Support2: | 102 |
| Support3: | 94 |
Our preference: Short positions below 112.5 with targets @ 105.5 & 102 in extension.
Alternative scenario: Above 112.5 look for further upside with 118.15 & 122.5 as targets.
Comment: the RSI lacks downward momentum.
122.5
118.15
112.5
109.5 (last)
105.5
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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