Economic Calendar

Friday, October 10, 2008

FX Technical Commentary

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Daily Forex Technicals | Written by Easy Forex | Oct 10 08 01:29 GMT |

Euro 1.3565

Initial support at 1.3545 (Oct 8 low) followed by 1.3344 (Oct 6 low). Initial resistance is now located at 1.3786 (Oct 9 high) at followed by 1.3907 (Oct 3 high).

Yen 98.60

Initial support is located at 97.68 (Mar 19 low) followed by 96.85 (Mar 18 low). Initial resistance is now at 101.69 (Oct 8 low) followed by 103.29 (Oct 7 high).

Pound 1.7020

Initial support at 1.7000 (Psychological number) followed by 1.6904 (June 2003 low). Initial resistance is now at 1.7067 (Oct 9 low) followed by 1.7658 (Oct 7 high).

Australian Dollar 0.6695

Initial support at 0.6631 (Oct 9 low) followed by the 0.6437 (Oct 8 low). Initial resistance is now at 0.7148 (Oct 8 high) followed by 0.7355 (Oct 7 high).

Gold 923

Initial support at 856.7 (Oct 8 low) followed by 820 (Oct 3 low). Initial resistance is now at 925 (Oct 9 high) followed by 935 (July 25 high).

Currency Sup 2 Sup 1 Spot Res 1 Res 2
EUR/USD 1.3344 1.3545 1.3565 1.3786 1.3907
USD/JPY 96.68 97.68 98.60 101.69 103.29
GBP/USD 1.6904 1.7000 1.7020 1.7067 1.7658
AUD/USD 0.6437 0.6631 0.6695 0.7148 0.7355
XAU/USD 820.00 856.70 923.00 925.00 935.00

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