By Trading Central on September 9, 2010 | More Posts By Trading Central | Author's Website

Update on supports and resistances.

Resistance3:	120
Resistance2:	116.5
Resistance1:	114
Last:	107.96
Pivot:	106.5
Support1:	106.5
Support2:	102
Support3:	100

Pivot: 106.5



Our preference: Long positions above 106.5 with targets @ 114 & 116.5 in extension.



Alternative scenario: Below 106.5 look for further downside with 102 & 100 as targets.



Comment: the RSI is mixed and calls for caution.



120

116.5

114

107.96 (last)

106.5

102

100







*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