Support and Resistance

It's the first trading day of a new year, and the Dukascopy TV team is back with the latest Support and Resistance Level Report. Here's 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 0920 and S1 of 1 0870.
R1 is well confirmed with 14 studies, including a 20 day moving average. R3 is backed up by Price Channel Indicator Upper Line, a 150 day moving average and 3 other models, and R2 is a psychological level with 3 matches. The upper and lower support lines see 5 confirmations each, including Price Channel Indicator Lower Line and a 6 month low for S3, while S2 is backed up by Bollinger Lower Band, a 50 day moving average and another model.
The Cable has the closest levels of 1 4770 in resistance and 1 4730 in support.
R3 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band, a 100 day moving average and another model. R2 is a 20 day moving average with 2 studies, and the lowest resistance line has found a single match. S1 leads in support with 7 studies, including Price Channel Indicator Lower Line and a 6 month low, and S2 is a 4 year low with 4 models. S3 is a psychological level with 2 matches.
Dollar/Yen currently stands between R1 of 119 90 and S1 of 119 20.
Standing near an important psychological level, R1 has found 8 confirmations, and R2 is a 100 day moving average with 5 matches. R3 counts a 150 day moving average among its 3 studies. And all three support lines have found just a single match each. S2 is a 3 month low, and the lowest line is a psychological level.
And the last pair for this report is the Dollar/Swiss Franc, which has R1 of 0 9970 and S1 of 0 9940.
R2 is backed up by a psychological level, Bollinger Upper Band, and a 50 day moving average. The highest resistance line has found 2 matches, and R1 sees a single confirmation. The highest support line has found 5 matches, and S2 is a 20 day moving average with 4 studies. S3 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band and another model.
That was me, Sam Meredith, with the Support and Resistance Level Report for Monday. Check back in tomorrow for the next overview of the key price levels. Goodbye.

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Support and Resistance