Friday, September 21, 2012

USD/CAD intraday: watch 0.972.


Pivot: 0.9775
Our preference: Short positions below 0.9775 with targets @ 0.972 & 0.969 in extension.
Alternative scenario: Above 0.9775 look for further upside with 0.9815 & 0.984 as targets.
Comment: as long as the resistance at 0.9775 is not surpassed, the risk of the break below 0.972 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 ...