Tuesday, September 18, 2012

NZD/USD intraday: the downside prevails


Pivot: 0.8285
Our preference: Short positions below 1.8285 with targets @0.8235 & 0.8185 in extension.
Alternative scenario: Above 0.8285 look for further upside with 0.832 & 0.8355 as targets.
Comment: as long as the resistance at 0.8285 is not surpassed, the risk of the break below 0.8235 remains high.

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 ...