Support & Resistance Levels for Tuesday, February 14, 2012

Although our levels remain the same, you'll note that yesterday the EUR/USD ran down to 1.3125 which was a turn-around point.  The AUS/USD ran down to 1.0661 and turned around precisely at our support level to the pip.  The USD/CHF ran up to 0.9188 and turned around at our around at our resistance level and the USD/CAD ran up to 1.0025 which was 1 pip above our resistance level.  This shows that our key levels do work and you would be wise to follow them.  We are looking at *slight* risk appetite in the market today while keeping an eye on the S&P 500.