Resistance 3: $1.9900
Resistance 2: $1.9880
Resistance 1: $1.9850
Current price: $1.9776
Support 1: $1.9710
Support 2: $1.9680
Support 3: $1.9580
Comments:
Cable remains within the former range. Below strong support $1.9710 (Tuesday’s
low), the losses may widen to $1.9680, then – to 50% of the rise from
May 19 at $1.9580/90. Resistance comes at
yesterday’s highs at $1.9850. Above the target is at $1.9880 and $1.9900 (May 02
high).