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Forex Trading: Australian Dollar Support and Resistance

Posted by Joseph Trevisani on Apr 23, 2013 10:02:00 AM



1.0346 Medium offers (1.0346 - 55-day moving average)
1.0320 Medium offers
1.0310 Stops
1.0300 Strong offers
1.0293 61.8% of 1.0115-1.0582
1.0275/80 Medium offers (1.0277 Asia high)
1.0267 European high

1.0255 10:15 am ET

1.0222/21 Euro/Asia lows
1.0220 Strong demand
1.0200 Demand on approach, barrier, stops
1.0185/80 Strong demand (1.0182 - 1 March low)
1.0155/50 Strong demand, stops
1.0120/15 Strong demand (1.0116 - 4 March low)
1.0100 Strong demand, stops

 

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Chart: Bloomberg

ScreenHunter 1014 Apr. 23 10.14

 

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