FX Technical Commentary

Daily Forex Technicals | Written by Easy Forex | Oct 23 08 01:40 GMT |

Euro 1.2765 Initial support at 1.2738 (Oct 22 low) followed by 1.2683 (Nov 3 2006). Initial resistance is now located at 1.3078 (Oct 22 high) at followed by 1.3359 (Oct 21 high). Yen 97.60 Initial support is located at 96.85 (Mar 18 low) followed by 95.76 (Mar 17 low). Initial resistance is now at 100.57 (Oct 22 high) followed by 102.41 (Oct 20 high). Pound 1.6225 Initial support at 1.6203 (Oct 22 low) followed by 1.6100 (Sep 17, 2003 low). Initial resistance is now at 1.6717 (Oct 22 low) followed by 1.7168 (Oct 21 high). Australian Dollar 0.6620 Initial support at 0.6540 (76.4% retrace 0.7239-.6330) followed by the 0.6496 (Oct 16 low). Initial resistance is now at 0.7076 (Oct 15 high) followed by 0.7239 (Oct 14 high). Gold 725 Initial support at 721 (Oct 4, 2007 low) followed by 700 (Key Level). Initial resistance is now at 736.8 (Sept 11 low) followed by 775.75 (Oct 22 high). Currency Sup 2 Sup 1 Spot Res 1 Res 2 EUR/USD 1.2683 1.2738 1.2765 1.3078 1.3359 USD/JPY 95.76 96.85 97.60 100.57 102.41 GBP/USD 1.6100 1.6203 1.6225 1.6717 1.7198 AUD/USD 0.6496 0.6540 0.6620 0.7076 0.7239 XAU/USD 700.00 721.00 725.00 736.00 775.75 Easy Forex http://www.easy-forex.com Easy-Forex makes no recommendations as to the merits of any financial product referred to in this website, emails or its related websites and the information contained does not take into account your personal objectives, financial situation and needs. Therefore you should consider whether these products are appropriate in view of your objectives, financial situation and needs as well as considering the risks associated in dealing with those products