FX Technical Commentary

Daily Forex Technicals | Written by Easy Forex | May 04 09 01:29 GMT |

Euro 1.3275 Initial support at 1.3121 (Apr 29 low) followed by 1.2964 (Apr 28 low). Initial resistance is now located at 1.3392 (April 13 high) at followed by 1.3420 (Apr 7 high) Yen 99.75 Initial support is located at 97.15 (Apr 30 low) followed by 96.39 (Apr 29 low). Initial resistance is now at 99.75 (Apr 17 high) followed by 100.43 (Apr 14 high). Pound 1.4925 Initial support at 1.4704 (Apr 30 low) followed by 1.4609 (Apr 27 low). Initial resistance is now at 1.4947 (Apr 30 high) followed by 1.5068 (Apr 30 high). Australian Dollar 0.7335 Initial support at 0.7049 (Apr 29 low) followed by the 0.6954 (Apr 20 low). Initial resistance is now at 0.7384 (Apr 30 high) followed by 0.7738 (Oct 6 high). Gold 887 Initial support at 878 (Apr 21 low) followed by 864 (Apr 17 low). Initial resistance is now at 906 (Apr 28 high) followed by 918 (Apr 27 high). Currency Sup 2 Sup 1 Spot Res 1 Res 2 EUR/USD 1.2964 1.3121 1.3275 1.3392 1.3420 USD/JPY 96.39 97.15 99.30 99.75 100.43 GBP/USD 1.4609 1.4704 1.4925 1.4947 1.5068 AUD/USD 0.6954 0.7049 0.7335 0.7384 0.7738 XAU/USD 864.00 878.00 887.00 906.00 918.00 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