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Tuesday, March 8, 2011

FX Technical Commentary

Initial support at 1.3833 (Mar 3 low) followed by 1.3744 (Mar 2 low). Initial resistance is now located at 1.4086 (Nov 8 high) followed by 1.4282 (Nov 4 high)

Initial support is located at 81.73 (Mar 3 low) followed by 81.13 (Feb 4 low). Initial resistance is now at 83.07 (Mar 4 high) followed by 83.98 (Feb 16 High).

Initial support at 1.6151 (61.8% retrace of 1.6031-1.6344) followed by 1.6072 (Feb 28 low). Initial resistance is now at 1.6344 (March 2 low) followed by 1.6458 (Jan 19, 2010 high).

Initial support at 1.0076 (Mar 4 low) followed by the 1.0002 (Feb 24 low). Initial resistance is now at 1.0202 (Mar 1 high) followed by 1.0256 (Dec 31 high).

Initial support at 1409 (Mar 1 low) followed by 1389 (Feb 21 low). Initial resistance is now at 1450 (psychological resistance) followed by 1458 (1410.32 plus 1392.65-1440.32).

Initial support at 105.00 (Intraday Support) followed by 103.50 (Intraday Support). Initial resistance is now at 106.50 (Feb Spike High) followed by 108.00 (Big Figure resistance).

CurrencySup 2Sup 1SpotRes 1Res 2

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