FX Technical Commentary

Daily Forex Technicals | Written by Easy Forex | Jul 10 08 01:26 GMT |

Euro 1.5730

Initial support at 1.5651 (July 9 low) followed by 1.5606 (50.% retracement 1.5303 to 1.5910). Initial resistance is now located 1.5754 (July 7 high) at followed by 1.5910 (July 3 high).
Yen 106.85

Initial support is located at 106.25 (July 8 low) followed by 105.78 (Jul 3 low). Initial resistance is now at 107.76 (July 7 high) followed by 108.19 (Jun 26 high).
Pound 1.9820

Initial support at 1.9673 (July 9 low) followed by 1.9637 (61.8% retracement of 1.9410 to 2.008 rally). Initial resistance is now at 1.9834 (July 7 high) followed by 1.9849 (July 4 high)
Australian Dollar 0.9555

Initial support at 0.9477 (July 9 low) followed by 0.9459 (61.8% retracement of the 0.9328 to 0.9670 advance). Initial resistance is now at 0.9592 (July 9 high) followed by 0.9642 (July 7 high).
Gold 929

Initial support at 913.35 (Jul 8 low) followed by 885.1 (Jun 26 low). Initial resistance is now at 936.5 (July 4 high) followed by 946.5 (July 3 high).
Currency Sup 2 Sup 1 Spot Res 1 Res 2
EUR/USD 1.5606 1.5651 1.5730 1.5754 1.5910
USD/JPY 105.78 106.25 106.85 107.76 108.19
GBP/USD 1.9637 1.9673 1.9820 1.9834 1.9849
AUD/USD 0.9459 0.9477 0.9555 0.9592 0.9642
XAU/USD 885.10 913.35 928.00 936.58 946.50

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