Friday, April 17, 2009

Pound / dollar. Technical opinion

Pound found support at 21-day moving average, returning to the line of support at $ 1.4600, $ 1.4823 for the following. Charts paint a mixed picture, with sustainable Stochastics but weak Momentum.

RES 4: $ 1.5368 up to 8 January
RES 3: $ 1.5232 projection of the March increase of $ 1.4112 a minimum 30 March
RES 2: $ 1.5196 76.4% correction of $ 1.5720 - $ 1.3500
RES 1: $ 1.5065/85 from a maximum of 16 April, the current peak of the band Bollindzhera in the afternoon schedule

current exchange rate of pound / dollar: $ 1.4875

SUP 1: $ 1.4823 a minimum of 15 April
SUP 2: $ 1.4600 21-day moving average, the level of support dated 11 March
SUP 3: $ 1.4530/80 100-day moving average, a minimum of 7 April
SUP 4: $ 1.4112 a minimum of 30 March

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