FX Technical Commentary

Daily Forex Technicals | Written by Easy Forex | Jul 15 08 01:32 GMT |

Euro 1.5890

Initial support at 1.5765 (July 11 low) followed by 1.5692 (July 10 low). Initial resistance is now located 1.5972 (July 11 high) at followed by 1.6019 (Apr 22 high).
Yen 106.20

Initial support is located at 105.66 (July 11 low) followed by 104.99 (Jun 30 low). Initial resistance is now at 107.30 (July 11 high) followed by 107.76 (July 7 high).
Pound 1.9955

Initial support at 1.9754 (July 11 low) followed by 1.9673 (July 9 low). Initial resistance is now at 1.9959 (July 14 high) followed by 2.0008 (July 1 high)
Australian Dollar 0.9720

Initial support at 0.9597 (July 11 low) followed by 0.9546 (July 10 low). Initial resistance is now at 0.9737 (July 14 high) followed by 0.9792 (July open + June range* 0.618).
Gold 972

Initial support at 942 (Jul 11 low) followed by 926 (Jul 10 low). Initial resistance is now at 975.3 (July 14 high) followed by 988.49 (76.4% retracement of the 1032.50-846.00 decline).
Currency Sup 2 Sup 1 Spot Res 1 Res 2
EUR/USD 1.5692 1.5765 1.5890 1.5972 1.6019
USD/JPY 104.99 105.66 106.20 107.30 107.76
GBP/USD 1.9673 1.9754 1.9955 1.9959 2.0008
AUD/USD 0.9546 0.9597 0.9720 0.9737 0.9792
XAU/USD 926.00 942.00 972.00 975.30 988.49

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