Friday, September 28, 2012

USD/CAD intraday: the downside prevails.


Pivot: 0.9815
Our preference: Short positions below 0.9815 with targets @ 0.9775 & 0.976 in extension.
Alternative scenario: Above 0.9815 look for further upside with 0.984 & 0.986 as targets
Comment: the RSI lacks upward momentum.

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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