USD is recovering slowly
February 23, 2012 | 07:44 AM
Posted by Jack River
NZD/USD
The pair is shuffling recently with a slight tendency of declines - after an impressive rise since the end of the last year. Traders are still struggling about the next direction, and it seems that this time the Sellers will win. However, that depends on the breakage of the resistance point; 0.825. In case of breaking, expect further declines.
Resistance & Support (daily)
|
S3
|
S2
|
S1
|
Pivot Point
|
R1
|
R2
|
R3
|
|
0.8175
|
0.82
|
0.825
|
0.83
|
0.835
|
0.8375
|
0.84
|
EUR/CAD
The pair has reached yesterday an important resistance line of 1.3250. So far, the resistance has not been broken since the last two months. That can provide for the sellers an opportunity to take Short positions against the EUR. In the event of breakout the resistance, expect further increases.
Resistance & Support (daily)
|
S3
|
S2
|
S1
|
Pivot Point
|
R1
|
R2
|
R3
|
|
1.31
|
1.315
|
1.32
|
1.3225
|
1.325
|
1.3275
|
1.33
|
GOLD
Yesterday the Gold broke intensity the resistance level of 1760 and rose up to $1780 per ounce. Later the price dropped a bit towards the 1770, but the direction is clear, $1800 is the next resistance line, and it seems that Gold is about to test it.
Resistance & Support (daily)
|
S3
|
S2
|
S1
|
Pivot Point
|
R1
|
R2
|
R3
|
|
1555
|
1760
|
1765
|
1775
|
1780
|
1790
|
1800
|