FX Technical Commentary

 

Euro 1.2820 

Initial support at 1.2644 (Sept 10 2010 low) followed by 1.2588 (Aug 24 2010 low). Initial resistance is now located at 1.22947 (Jan 5 high) followed by 1.3080 (Dec 28 high)  

Yen 76.80

Initial support is located at 76.58 (Nov 18 low) followed by 76.00 (Big Figure). Initial resistance is now at 77.74 (Dec 30 high) followed by 78.98 (Nov 1 high).

Pound 1.5340

Initial support at 1.5272 (Aug 6 low) followed by 1.5125 (Jul 21 2010 low). Initial resistance is now at 1.5526 (Jan 6 high) followed by 1.5629 (Jan 5 high).

Australian Dollar 1.0335

Initial support at 1.0229 (Jan 10 low) followed by the 1.0044 (Dec 29 low). Initial resistance is now at 1.0387 (Jan 3 low) followed by 1.0567 (Mar 3 high).

Gold 1648

Initial support at 1630 (Jan 11 low) followed by 1605 (Jan 9 low). Initial resistance is now at 1662 (50% retrace of 1802.93-1522.65) followed by 1677 (Dec 13 high).

Oil 99.30

Initial support at 99.00 (Intraday Support) followed by 97.50 (Intraday Support). Initial resistance is now at 100.00 (Intraday resistance) followed by 101.00 (Intraday Resistance).

Currency	Sup 2	Sup 1	Spot	Res 1	Res 2
EUR/USD	1.2588	1.2644	1.2820	1.2947	1.3080
USD/JPY	76.00	76.58	76.80	77.74	78.98
GBP/USD	1.5125	1.5272	1.5340	1.5526	1.5629
AUD/USD	1.0044	1.0229	1.0335	1.0387	1.0567
XAU/USD	1605.00	1630	1648	1662	1677
OIL/USD	97.50	99.00	99.30	100.00	101.00