Forex Trading Technical Analysis (2010/08/01) Key Forex Technical Trading Levels
8/01/2010 Forex Trading Technical Analysis (FXpath.com) – Here are some key forex support and resistance levels for the upcoming trading week. These technical levels are price areas/regions that forex traders should be paying close attention to, and around which significant technical trading events could likely occur.EUR/USD – Resistance: 1.3105, Support: 1.2950 (8/02 Resistance Breached)
GBP/USD – Resistance: 1.5719, Support: 1.5550 (8/02 Resistance Breached)
USD/JPY – Resistance: 88.10, Support: 85.93
USD/CHF – Resistance: 1.0464, Support: 1.0361 (8/02 Resistance Slightly Breached then Pullback)
AUD/USD – Resistance: 0.9067, Support: 0.8895 (8/02 Resistance Breached)
USD/CAD – Resistance: 1.0392, Support: 1.0253 (8/02 Support Breached)
SPOT GOLD – Resistance: 1203.7, Support: 1156.3
James Chen, CTA, CMT (bio)
- Click here for my book, Essentials of Foreign Exchange Trading (Wiley).
- Click here for my book, Essentials of Technical Analysis for Financial Markets (Wiley).
- Click here for my video DVD set, High-Probability Trend Following in the Forex Market (FXstreet).
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