Wednesday, May 6, 2009

Stone & McCarthy's technical picture for the pound / dollar

10-day RSI is around 90.35, which is a pair of proximity to the value of two standard deviations above 21-day moving average suggests perekuplennosti pounds and the threat of correction. On Tuesday afternoon to schedule an dozhi and break support in the form of 5-day moving average will open the way for further deterioration in the direction of $ 1.4915 / $ 1.4840. Short-term prospects for a pair, however, remained positive while it is kept above $ 1.4771, and the Bulls hope to keep growing to $ 1.5473.

Resistance:

$ 1.5368 rehabilitative maximum 8 January

Key level of $ 1.5158 Tuesday

$ 1.5121 up to 6 May, the peak of the tape Bollindzhera

The current rate of the pound / dollar: $ 1.5085

Support:

$ 1.4996/1.4986 least 6 and May 5

$ 1.4971 5-Day Moving Average

$ 1.4915 38.2% from $ 1.4518 movement - $ 1.5158

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