Forex

Currency pairs technical review (March 1, 2010)

By Forex-Metal

EURUSD
The pair is trading in the narrow range between 1.3691 and 1.3433. If the pair breaks 1.3433 then a new low maybe expected at 1.3229. The indicators are in oversold zone signaling of correction. The levels for corrections are 1.3848, 1.4088.
Resistance:   1.3749, 1.3855, 1.3960
Support:  1.3598, 1.3433, 1.3229

GBPUSD
The pair has broken the triangle’s support.  The pair has reached the first aim at 1.5160. The pair may return 1.5252 and even higher for corrections. But the pair’s aim to decline to 1.4845 and lower.
Resistance: 1.5252, 1.5484, 1.5672
Support:  1.5058, 1.4845, 1.4648

USDCHF
The pair tried to break Moving Average (500) 1.0797, but trading below this level. If the pair closes above this level, then the pair will rise up to 1.0928. The closest support is 1.0726. If the pair breaks this level (most likely) then the pair will decline to 1.0618.
Resistance:  1.0821, 1.0928, 1.1047 
Support:   1.0726, 1.0618, 1.0514

USDJPY
The pair has reached Moving Average (200) at 91.62, but wasn’t able to close higher and declined to 88.64.
Resistance:   90.04, 91.25, 92.58
Support: 88.64, 87.01, 85.16

AUDUSD
The pair broke Moving Average (100) at 0.8943. If the pair closes above 0.9025, then the pair will continue rising. Support maybe found at 0.8903.
Resistance:  0.9177, 0.9336, 0.9490
Support: 0.8903, 0.8724, 0.8576