Tuesday, September 25, 2012

NZD/USD intraday: under pressure.


Pivot: 0.825
Our preference: Short positions below 0.825 with targets @ 0.8175 & 0.816 in extension.
Alternative scenario: Above 0.825 look for further upside with 0.828 & 0.8315 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

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 ...