Thursday, September 27, 2012

AUD/USD intraday: caution.


Pivot: 1.042
Our preference: Short positions below 1.042 with targets @ 1.033 & 1.03 in extension.
Alternative scenario: Above 1.042 look for further upside with 1.0445 & 1.046 as targets.
Comment: The intraday bearish channel resistance maintains a downside pressure.

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 ...