Forex

Currency pairs technical review (October 31, 2012)

EURUSD

The pair is trading near the neck line 1.28630 of the Head and Shoulders figure. If the pair breaks 1.28630 the pair will decline to 1.26897.

Resistance: 1.30277, 1.31674, 1.33143

Support: 1.28630, 1.26897, 1.25690

GBPUSD

The pair has broken 1.60322, the pair is aiming to 1.62050.

Resistance: 1.62050, 1.63316, 1.64636

Support: 1.60322, 1.58543, 1.56722

USDCHF

The pair has tested Moving Average (500) at 0.93949 and rolling back to 0.93069.

Resistance: 0.93949, 0.95047, 0.96220

Support: 0.93069, 0.92026, 0.91079

USDJPY

The pair has tested Moving Average (500) at 80.195 and rolled back to 79.707.

Resistance: 79.707, 80.438, 81.399

Support: 79.070, 78.345, 77.539

AUDUSD

The pair has risen to the Moving Average and trying to break this level. The pair is aiming to test next resistance at 1.04407.

Resistance: 1.04407, 1.05332, 1.06164

Support: 1.03535, 1.02558, 1.01744