Friday, 6 May 2011

USD up

Silver. Wow.
Gold testing trend line support. Trend line support didn't hold for Silver, but wait and see for Gold. Next stop if that fails may be the top line of the channel that contained most of the price action from last October.

AUD/USD looks set to test support at the top line of the channel that contained most of the price action from late September.

GPB/USD testing trend line support, as well support from the March and April highs.

EUR/USD held up all week, but has joined the general decline.

In keeping with the theme, the USD strengthened against US stocks.