FX Technical Commentary

Euro 1.3615

Initial support at 1.3547 (Jan 5 low) followed by 1.3378 (61.8% retrace 1.2549 to 1.4719). Initial resistance is now located at 1.3963 (Jan 5 high) at followed by 1.4069 (Jan 1 high)

Yen 93.10

Initial support is located at 91.80 (Jan 5 low) followed by 90.60 (Jan 2 low). Initial resistance is now at 93.57 (Jan 5 high) followed by 93.89 (Dec 8 high).

Pound 1.4690

Initial support at 1.4428 (Jan 5 low) followed by 1.4378 (Jan 2 low). Initial resistance is now at 1.4827 (Jan 2 high) followed by 1.5193 (Dec 26 low).

Australian Dollar 0.7130

Initial support at 0.7063 (Jan 5 low) followed by the 0.6919 (Jan 2 low). Initial resistance is now at 0.7203 (Jan 5 high) followed by 0.7240 (100 Day moving average).

Gold 853

Initial support at 843 (Dec 26 low) followed by 830 (Dec 23 low). Initial resistance is now at 888 (Jan 1 high) followed by 890 (Dec 29 high).

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