FX Technical Commentary
Euro 1.4250
Initial support at 1.4125 (Oct 22 low) followed by 1.4094 (Oct 10 low). Initial resistance is now located at 1.4350 (Oct 22 trend high) followed by 1.4369 (1.0410 plus 1.3360 - 1.3719)
Yen 114.80
Initial support is located at 113.26 (Oct 22 low) followed by 112.61 (Sept 10 reaction low). Initial resistance is now at 115.72 (Oct 19 high) followed by 116.64 (Oct 18 high).
Pound 2.0495
Initial support at 2.0304 (Oct 23 low) followed by 2.0259 (Oct 22 low). Initial resistance is now at 2.0574 (Oct 22 high) followed by 2.0624 (Jul 26 high)
Australian Dollar 0.8980
Initial support a 0.8856 (Oct 23 low) followed by 0.8749 (Oct 22 low). Initial resistance is now at 0.8994 (Oct 19 high) followed by 0.9013 (Oct 16 high).
Gold 758.80
Initial support at 745.35 (Oct 22 low) followed by 741.40 (Oct 11 low). Initial resistance is now at 771.50 (Oct 19 trend high) followed by 774.90 (This weeks open + (last weeks range * 0.618)
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