Weekly technical analysis for 19.07 – 23.07.2010

EURUSD

The pair is aiming to the second level of Fibonacci retracement of 38.2% at 1.3113. The next aim at Moving Average (200) at 1.3229 if the pair breaks and closes above 1.3113. Support at 1.2701. EURUSD

The pair is aiming to the second level of Fibonacci retracement of 38.2% at 1.3113. The next aim at Moving Average (200) at 1.3229 if the pair breaks and closes above 1.3113. Support at 1.2701.

Resistance: 1.3028, 1.3229, 1.3433

Support: 1.2863, 1.2701, 1.2569

GBPUSD

The pair is testing resistance at 1.5484 again. If the pair breaks this level and closes higher, the pair may rise up to 1.56722 (strong level channel line). If the pair breaks 1.52523, the pair will decline to 1.50581.

Resistance: 1.54842, 1.56722, 1.58543

Support: 1.52523, 1.50581, 1.48532

USDCHF

If the pair stays above 1.05139 the pair will rise to 1.07258. If the pair stays below 1.05139 the pair will decline to 1.03987.

Resistance: 1.06179, 1.07258, 1.08210

Support: 1.05139, 1.03987, 1.02747

USDJPY

The pair is trading in the narrow range between 87.675 and 86.345. Once 86.345 is broken, the pair will decline to 85.161.

Resistance: 88.640, 90.045, 91.254

Support: 87.014, 86.095, 85.161

AUDUSD

The pair has risen to 0.8976. If the pair breaks 0.9028 the pair will rise up to 0.9177. MACD divergence shows that the pair may roll back, support at 0.8724.

Resistance: 0.9028, 0.9177, 0.9336

Support: 0.8903, 0.8724, 0.8272

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