Wednesday, August 1, 2012

USD/CAD intraday: key ST resistance at 1.005.

Pivot: 1.005
Our preference: Short positions below 1.005 with targets @ 0.997 & 0.9925 in extension.
Alternative scenario: Above 1.005 look for further upside with 1.011 & 1.0165 as targets.
Comment: as long as 1.005 is resistance, likely decline to 0.997.
By at

USDCHF Technical Analysis - Sell at 0.9955

USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...

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