Forex

Currency pairs technical review (August 02 - August 06, 2010)

By Forex-Metal

EURUSD

The pair has broken Fibonacci 38.2%, if the stays above this level the pair will try to test the next level Fibonacci 50% at 1.34882. But before the pair reach Fibonacci 50%, the pair may rollback to 1.31136.

Resistance:   1.33143, 1.34882, 1.35984

Support:  1.31136, 1.30277, 1.28630

GBPUSD

The pair is under pressure of Moving Average (100) 1.60658 at weekly chart.  Once this level will be broken the pair will rise up to 1.642212. But before that down corrections maybe expected to 1.56928.

Resistance: 1.60322, 1.62050, 1.64274

Support:  1.5843, 1.54842, 1.52523

USDCHF

The pair has formed the Pennant on Daily chart. If the pair breaks 1.03987 the pair will decline to 1.02747 and probably to 1.01498.

Resistance:  1.05139, 1.06179, 1.07258

Support:  1.03987, 1.02747, 1.01498

USDJPY

The pair has reached 85.161. The pair may roll back to 86.246.

Resistance: 85.701, 86.246, 87.014

Support: 85.161, 84.260, 83.330

AUDUSD

The pair has reached 0.92170. If the pair drops below this level, the pair will rollback to 0.90284. If the pair stays above .92170, the pair will rise up to 0.92788.

Resistance: 0.92788, 0.94898, 0.96392

Support: 0.90284, 0.89029, 0.87243