FX Technical Commentary

Euro 1.4560

Initial support at 1.4287 (Sept 7 low) followed by 1.4178 (Sept 1 low). Initial resistance is now located at 1.4621 (61.8% retrace 1.6038 - 1.2330) followed by 1.4719 (Dec 18 high)

Yen 92.05

Initial support is located at 91.61 (Sept 7 low) followed by 90.54 (February 13 low). Initial resistance is now at 94.07 (August 28 high) followed by 95.06 (Aug 24 high).

Pound 1.6540

Initial support at 1.6237 (Sept 3 low) followed by 1.6114 (Sept 1 low). Initial resistance is now at 1.6665 (Aug 13 high) followed by 1.6831 (Aug 7 high).

Australian Dollar 0.8630

Initial support at 0.8379 (Sept 4 low) followed by the 0.8239 (AUG 27 low). Initial resistance is now at 0.8694 (Aug 28 2008 high) followed by 0.8813 (AUG 22 2008 high).

Gold 993

Initial support at 974 (Sept 3 low) followed by 944 (Aug 31 low). Initial resistance is now at 1032 (Mar 17' 2008 high) followed by 1050 (Psychological Round Number).

Currency	Sup 2	Sup 1	Spot	Res 1	Res 2
EUR/USD	1.4178	1.4287	1.4560	1.4621	1.4719
USD/JPY	90.54	91.61	92.05	94.07	95.06
GBP/USD	1.6114	1.6237	1.6540	1.6665	1.6831
AUD/USD	0.8239	0.8379	0.8630	0.8694	0.8813
XAU/USD	944.00	974.00	993.00	1032.00	1050.00

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