Weekly technical analysis for 2 – 6. 08, 2010

EURUSD

The pair is aiming to the second level of Fibonacci retracement of 38.2% at 1.31136. 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 1.31136. The next aim at Moving Average (200) at 1.3229 if the pair breaks and closes above 1.3113. Support at 1.2701.

Resistance: 1.31136, 1.32285, 1.35984

Support: 1.30277, 1.28630, 1.27009, 1.25690

GBPUSD

The pair has risen up to the channel line and trying to close higher. If the pair stays above 1.56722 the pair will rise to 1.60322. Rollback maybe expected if the pair declines below 1.56722, because of the MACD divergence on daily chart.

Resistance: 1.58543, 1.60322, 1.62050

Support: 1.54842, 1.52523, 1.50581

USDCHF

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

Resistance: 1.05139, 1.06179, 1.07258

Support: 1.03987, 1.02747, 1.01498

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: 87.014, 88.640, 90.045

Support: 86.246, 85.701, 85.161

AUDUSD

The pair is aiming to 0.91773.

Resistance: 0.91773, 0.93357, 0.94898

Support: 0.90284, 0.89029, 0.87243