By Trading Central on January 12, 2011 | More Posts By Trading Central | Author's Website

Update on supports and resistances.

Resistance3:	107
Resistance2:	105
Resistance1:	102
Last:	100.8
Pivot:	102
Support1:	97.5
Support2:	93.5
Support3:	91.75

Pivot: 102



Our preference: Short positions below 102 with targets @ 97.5 & 93.5 in extension.



Alternative scenario: Above 102 look for further upside with 105 & 107 as targets.



Comment: both the pair and the daily RSI are challenging a resistance area, caution.



107

105

102

100.8 (last)

97.5

93.5

91.75







*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