FX Technical Commentary

Daily Forex Technicals | Written by Easy Forex | Nov 17 08 01:45 GMT |

Euro 1.2540 Initial support at 1.2389 (Nov 13 low) followed by 1.2333 (Oct 28 low). Initial resistance is now located at 1.2855 (Nov 13 low) at followed by 1.2930 (Nov 10 high) Yen 95.95 Initial support is located at 94.48 (Nov 12 low) followed by 93.20 (76.4% retracement of 90.92-100.57 rally). Initial resistance is now at 98.19 (Nov 13 high) followed by 99.48 (Nov 10 high). Pound 1.4660 Initial support at 1.4558 (Nov 13 low) followed by 1.4393 (Range protection). Initial resistance is now at 1.4992 (Nov 14 high) followed by 1.5481 (Nov 12 high). Australian Dollar 0.6375 Initial support at 0.6339 (Oct 29 low) followed by the 0.6246 (76.4% retracement of 0.6009-0.7015 rally). Initial resistance is now at 0.6484 (Nov 14 low) followed by 0.6696 (Nov 14 high). Gold 743 Initial support at 700 (Nov 13 low) followed by 682 (Oct 24 low). Initial resistance is now at 753 (Nov 12 high) followed by 768.21 (Nov 10 high). Currency Sup 2 Sup 1 Spot Res 1 Res 2 EUR/USD 1.2330 1.2389 1.2540 1.2855 1.2930 USD/JPY 93.20 94.48 95.95 98.19 99.48 GBP/USD 1.4393 1.4558 1.4660 1.4992 1.5481 AUD/USD 0.6246 0.6339 0.6375 0.6484 0.6696 XAU/USD 682.41 700.00 743.00 753.00 768.21 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