FX Technical Commentary

Daily Forex Technicals | Written by Easy Forex | Nov 18 08 01:33 GMT |

Euro 1.2650 Initial support at 1.2513 (Nov 17 low) followed by 1.2389 (Nov 13 low). Initial resistance is now located at 1.2742 (Nov 17 low) at followed by 1.2855 (Nov 13 high) Yen 96.45 Initial support is located at 95.88 (Nov 17 low) followed by 94.48 (Nov 12 low). Initial resistance is now at 97.55 (Nov 17 high) followed by 98.19 (Nov 13 high). Pound 1.5000 Initial support at 1.4647 (Nov 17 low) followed by 1.4558 (Nov 13 low). Initial resistance is now at 1.5083 (Nov 17 high) followed by 1.5366 (38.2% retrace 1.6672 to 1.4558). Australian Dollar 0.6510 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 0.6596 (Nov 17 high) followed by 0.6696 (Nov 14 high). Gold 737 Initial support at 725.40 (Nov 14 low) followed by 700 (Nov 13 low). Initial resistance is now at 754.55 (Nov 14 high) followed by 768.21 (Nov 10 high). Currency Sup 2 Sup 1 Spot Res 1 Res 2 EUR/USD 1.2389 1.2513 1.2650 1.2742 1.2855 USD/JPY 94.48 95.88 96.45 97.55 98.19 GBP/USD 1.4558 1.4647 1.5000 1.5083 1.5366 AUD/USD 0.6246 0.6339 0.6510 0.6596 0.6696 XAU/USD 700.00 725.40 737.00 754.55 768.21 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