You’re watching another Support and Resistance Level Report. I’m Doireann McDermott and here’s how our in-house model tests out this Thursday.
Euro/Dollar has inched higher and now has the closest levels of 1 2770 in resistance and 1 2710 in support.
R3 is backed up by Price Channel Indicator Upper Line, a psychological level and another model. The other two resistance lines have found a single match each, including a 20 day moving average for R1. Standing at a 2 year low, S2 sees 6 confirmations. S3 is supported by Price Channel Indicator Lower Line, a psychological level and two other studies, and the highest support line has found 3 matches.
Next up is the Pound/Dollar, and its yesterday’s rise puts it between R1 of 1 6190 and and S1 of 1 6150.
R2 is the most confirmed resistance line with 8 models, and R1 is backed up by 7 studies. A 20 day moving average is among the 6 matches for R3. S2 is a former 6 month low with 6 studies, and the highest support line sees 2 confirmations. S3 counts a psychological level as its only match.
Dollar/Yen has been moving in waves, and it currently stands below R1 of 108 10 and above S1 of 107 80.
R3 leads in resistance with 11 studies, including a 4 year high, and the lowest resistance line sees 7 confirmations. R2 is a 20 day moving average with 5 matches. S1 is backed up by 3 models, and S2 is Bollinger Lower Band with 2 studies. Price Channel Indicator Lower Line is the only confirmation for S3.
And last up is the Dollar/Swiss Franc, which is trading in the range limited by R1 of 0 9540 and S1 of 0 95.
R2 counts a former 12 month high among its 9 confirmations, and the lowest resistance line has found 6 matches. Bollinger Upper Band is among the 5 studies for R3. S1 leads in support with 8 studies, including a psychological level, and S2 is a 20 day moving average with 2 matches. The lowest support line sees a single confirmation.
That’s all for Thursday’s Support and Resistance Level Report. Check back in tomorrow for this week’s last overview of the key price levels. Goodbye.

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