Thursday, September 27, 2012

USD/CAD intraday: intraday support around 0.9815.


pivot: 0.9815
Our preference: Long positions above 0.9815 with targets @ 0.986 & 0.989 in extension.
Alternative scenario: Below 0.9815 look for further downside with 0.978 & 0.976 as targets,
Comment: even though a continuation of the consolidation 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 ...