Forex

Currency pairs technical review (March 4, 2010)

By Forex-Metal

EURUSD
The pair has declined to support at 1.3433. If the pair breaks out this level then the pair will decline to 1.3229. The indicators are in oversold zone warning of possible uptrend corrections.
Resistance:   1.3749, 1.3855, 1.3960
Support:  1.3598, 1.3433, 1.3229

GBPUSD
The pair has broken out 1.5252 and reached 1.4845. At this level is Fibonacci 61.8% may stop pair from declining for a while. The local support is at 1.4668.
Resistance: 1.5058, 1.5252, 1.5484
Support:  1.4845, 1.4668, 1.4507

USDCHF
The pair was unable to break and close above Moving Average (500) 1.0796 and returned to 1.0726. If breaks out this level the pair will decline to 1.0618.
Resistance: 1.0821, 1.0928, 1.1047
Support:  1.0618, 1.0514, 1.0431

USDJPY
The pair declined to 88.64. If this level will be broken, then the pair will decline to 87.01. If the pair stays above 88.64 will return to 90.04.
Resistance:  90.04, 91.25, 92.58
Support:  88.64, 87.01, 85.16

AUDUSD
The pair did not close below 0.8903 and returned to 0.9043. The closest resistance is at 0.9177, support is at 0.8903.
Resistance: 0.9177, 0.9336, 0.9490
Support: 0.8903, 0.8724, 0.8576