FX Technical Commentary

Daily Forex Technicals | Written by Easy Forex | Aug 06 08 02:10 GMT |

Euro 1.5475

Initial support at 1.5463 (Aug 5 low) followed by 1.5462 (76.4% retracement of 1.5284 to 1.6038). Initial resistance is now located 1.5578 (Aug 5 high) at followed by 1.5632 (Aug 4 high).
Yen 108.40

Initial support is located at 107.29 (Aug 1 low) followed by 106.58 (July 25 low). Initial resistance is now at 108.59 (Jun 16 high) followed by 108.61 (Feb 14 high).
Pound 1.9555

Initial support at 1.9525 (Aug 5 low) followed by 1.9410 (Jun 13 low). Initial resistance is now at 1.9625 (Aug 5 high) followed by 1.9762 (Aug 4 high).
Australian Dollar 0.9175

Initial support at 0.9091 (Apr 3 low) followed by 0.9032 (April 1 low). Initial resistance is now at 0.9301 (Aug 5 high) followed by 0.9347 (Aug 4 High).
Gold 878

Initial support at 874 (Jun 24 low) followed by 858 (Jun 12 low). Initial resistance is now at 894.6 (Aug 5 high) followed by 916.75 (Aug 1 high).
Currency Sup 2 Sup 1 Spot Res 1 Res 2
EUR/USD 1.5462 1.5463 1.5475 1.5578 1.5632
USD/JPY 106.58 107.29 108.40 108.59 108.61
GBP/USD 1.9410 1.9525 1.9555 1.9625 1.9762
AUD/USD 0.9032 0.9091 0.9175 0.9301 0.9347
XAU/USD 858.00 874.50 878.00 894.60 916.75

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