It’s time for Wednesday’s Support and Resistance Level Report. I’m Monica Gibson with a closer look at how our in-house model tests out today.
First up is the Euro/Dollar, which is trading in the range limited by R1 of 1 13 and S1 of 1 1270.
The lowest resistance line has found 8 matches. R3 is confirmed by Price Channel Indicator Upper Line, a 6 month high and 2 other studies, and R2 counts a psychological level and Bollinger Upper Band among its 3 models. Standing at a 100 day moving average, S2 sees 7 confirmations, and S1 is a 20 day moving average with 6 matches. S3 is supported by Bollinger Lower Band, Price Channel Indicator Lower Line and another model.
The Cable finds has seen a sharp drop, which leaves it between R1 of 1 5360 and S1 of 1 5330.
Standing at a 20 day moving average, R2 sees 10 confirmations, and the lowest resistance line counts a 150 day moving average among its 4 studies. R3 is a psychological level with 2 matches. S1 is the most confirmed support line with 5 models. S2 is backed up by Price Channel Indicator Lower Line, a 3 month low and 2 other studies, and Bollinger Lower Band is the only match for S3.
Dollar/Yen has been moving in waves, and it currently has R1 of 120 30 and S1 of 120.
R2 is a 20 day moving average with 8 confirmations, and the lowest resistance line has found 6 matches. A 150 day moving average is among the 2 studies for R3. Standing at an important psychological level, S1 sees 7 confirmations. S3 is supported by Price Channel Indicator Lower Line, a 6 month low and 2 other studies, and S2 is Bollinger Lower Band with 2 matches.
And Dollar/Swiss Franc has the closest levels of 0 9750 in resistance and 0 9720 in support.
The lowest resistance line has found 8 matches. R2 is Price Channel Indicator Upper Line with 4 models, and R3 counts Bollinger Upper Band among its 2 studies. S1 leads in support with no less than 14 confirmations, and S2 counts a 50 day moving average among its 3 studies. S3 is confirmed by a psychological level and a 100 day moving average.
You’ve been watching the Support and Resistance Level Report for Wednesday. Check back in tomorrow for the next overview of key price levels.

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