Flash Levels - Forex News by FX Leaders

Yesterday we had a look at the support and resistance levels in EUR/CHF and GBP/USD in the technical analysis for the respective pair. So, we will quickly have a look at the levels for a few other forex pairs this morning and lay them out here for you. So here they are: 

EUR/USD  

Resistance1.0650; 1.06670; 1.07; 1.0750 and 1.08

Support      – 1.0590-1.06; 1.0550; 1.0520-30, 1.05, 1.0450-60 

AUD/USD

Resistance0.7500-10; 0.7530; 0.7580, 0.7600-10; 0.77

Support     0.7460; 0.7420-30; 0.74; 0.7370; 0.73

These are the levels which arise from previous tops or bottoms, moving averages or the Fibonacci retracement levels. I think that by now you must have practiced technical trading enough to play the support/resistance levels in everyday trading successfully.  

As you can see, some are bolded which means that they are important, therefore you can rely on them more than on the other support/levels. 

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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