Tuesday, April 21, 2009

TECHNICAL COMMENTARY


Currency

Sup 2

Sup 1

Spot

Res 1

Res 2

EUR/USD

1.2732

1.2833

1.2925

1.3198

1.3297

USD/JPY

97.23

97.66

97.95

99.76

100.43

GBP/USD

1.4241

1.4450

1.4540

1.4817

1.4942

AUD/USD

0.6857

0.6950

0.6965

0.7034

0.7249

XAU/USD

843.00

852.00

884.00

893.00

909.00

· Euro – 1.2925

Initial support at 1.2833 (March 16 low) followed by 1.2732 (Mar 12 low). Initial resistance is now located at 1.3198 (April 17 high) at followed by 1.3297 (Apr 15 high)

· Yen – 97.95

Initial support is located at 97.66 (Apr 20 low) followed by 97.23 (Mar 31 low). Initial resistance is now at 99.76 (Apr 17 high) followed by 100.43 (Apr 14 high).

· Pound – 1.4540

Initial support at 1.4450 (Apr 2 low) followed by 1.4241 (Mar 31 low). Initial resistance is now at 1.4817 (Apr 20 high) followed by 1.4942 (Apr 17 high).

· Australian Dollar – 0.6965

Initial support at 0.6950 (Barrier Support) followed by the 0.6857 (Apr 1 low). Initial resistance is now at 0.7034 (Apr 8 low) followed by 0.7249 (Apr 20 high).

· Gold – 884

Initial support at 852 (Jan 23 low) followed by 843 (Jan 21 low). Initial resistance is now at 893 (Apr 16 high) followed by 909 (Apr 3 high).

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