Weekly technical analysis for 12.07 – 16.07.2010

The pair has corrected to the first level 23,6% Fibonacci retracement. If the pair breaks and closes above 1.2634, the pair will try to correct to the second level at 1.3113. If the pair closes below 1.2634, the pair may decline to 1.2181. EURUSD

The pair has corrected to the first level 23,6% Fibonacci retracement. If the pair breaks and closes above 1.2634, the pair will try to correct to the second level at 1.3113. If the pair closes below 1.2634, the pair may decline to 1.2181.

Resistance: 1.2701, 1.2863, 1.3028

Support: 1.2561, 1.2391, 1.2181

GBPUSD

The pair has risen up to resistance 1.5252, but trading below this level. It is a strong level and the pair may roll back to 1.5058 and if this level will be broken the pair will decline to 1.4853.

Resistance: 1.5252, 1.5484, 1.5672

Support: 1.5058, 1.4853, 1.4668,

USDCHF

Support at 1.0439. Resistance at 1.0726.

Resistance: 1.0618, 1.0726, 1.0821

Support: 1.0514, 1.0439, 1.0380

USDJPY

On daily graph MACD divergence, the pair has reached the first aim, and aiming to the second aim at 90.04.

Resistance: 90.04, 91.25, 92.58

Support: 88.64, 87.01, 85.16

AUDUSD

The pair has risen to Moving Averages (100 and 200). If the pair closes above 0.8724 the pair will rise up to 0.8903. If the pair closes below 0.8724 the pair will decline to 0.8576.

Resistance: 0.8724, 0.8903, 0.9028

Support: 0.8576, 0.8424, 0.8272