Forex

Currency pairs technical review (March 8, 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 second aim 1.4845 and trying to returned to 1.5252. The third pairs aim at 1.4230 in case 1.4845 will be broken.
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:  1.0726, 1.0821, 1.0928
Support:   1.0618, 1.0514, 1.0430

USDJPY
The pair can not break out trend line. Breakout  and close above 91.25 will bring the pair to test 93.77.
Resistance:   91.25, 92.58, 93.77
Support: 90.04, 88.64, 87.01

AUDUSD
If the pair closes above 0.9025, then the pair will continue rising, the next level is at 0.9177 and 0.9336. Support maybe found at 0.8903.
Resistance:  0.9177, 0.9336, 0.9490
Support: 0.8903, 0.8724, 0.8576