Easy Forex: The shekel-dollar exchange rate will remain within a band of NIS 4.10-4.20/$.
The shekel-dollar exchange rate fell 0.87% to NIS 4.125/$ and the shekel-euro exchange rate edged down 0.04% to NIS 5.551/€ in morning inter-bank trading today.
Yesterday, the shekel-dollar representative exchange rate was unchanged at NIS 4.161/$, and the shekel-euro exchange rate edged down 0.02% to NIS 5.518/€.
Easy Forex notes that the closest resistance level for shekel-dollar exchange rate is NIS 4.20/$, and the next levels are NIS 4.25/$ and NIS 4.28/$. The closest support level is NIS 4.10/$, followed by NIS 4.07/$. The shekel-dollar exchange rate will remain within a band of NIS 4.10-4.20/$, and any break through either of these levels will indicate further movement in the same direction.
Published by Globes [online], Israel business news - www.globes-online.com - on May 5, 2009
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