FX Technical Commentary

Daily Forex Technicals | Written by Easy Forex | May 07 09 01:33 GMT |

Euro 1.3305 Initial support at 1.3121 (Apr 29 low) followed by 1.2964 (Apr 28 low). Initial resistance is now located at 1.3438 (May 5 High) at followed by 1.3582 (Apr 6 high) Yen 98.45 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 1.5105 Initial support at 1.4836 (May 4 low) followed by 1.4704 (Apr 30 low). Initial resistance is now at 1.5162 (May 5 high) followed by 1.5373 (Jan 8 high). Australian Dollar 0.7460 Initial support at 0.7300 (May 4 low) followed by the 0.7233 (Apr 30 low). Initial resistance is now at 0.7479 (May 5 high) followed by 0.7560 (61.8% retrace 0.6009 to 0.8519). Gold 910 Initial support at 878 (Apr 21 low) followed by 864 (Apr 17 low). Initial resistance is now at 918 (Apr 27 high) followed by 933 (Apr 1 high). Currency Sup 2 Sup 1 Spot Res 1 Res 2 EUR/USD 1.2964 1.3121 1.3305 1.3438 1.3582 USD/JPY 96.39 97.15 98.45 99.75 100.43 GBP/USD 1.4704 1.4836 1.5105 1.5162 1.5373 AUD/USD 0.7233 0.7300 0.7460 0.7479 0.7560 XAU/USD 864.00 878.00 910.00 918.00 933.00 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