- 200 day MA at the 105.98(currently)
- 38.2% retracement of 2012 range at 105.91
The low for the day today came in at the 106.15 level and found early profit taking buyers against the key support area. The subsequent move higher has found resistance at the 106.42-48 area where the 38.2% of the move down from Friday afternoon’s high comes in. Staying below this level intraday, keeps the downside in favor for another test of the lows and perhaps that key support level on the daily chart.
