Tuesday, September 18, 2012

USD/CAD intraday: the upside prevails.


Pivot: 0.97
Our preference: Long positions above 0.97 with targets @ 0.977 & 0.98 in extension.
Alternative scenario: Below 0.97 look for further downside with 0.9665 & 0.963 as targets.
Comment:: the pair is pulling back but stands above its support.

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 ...