Tuesday, September 11, 2012

AUD/USD intraday: consolidation in place.


Pivot: 1.037
our preference: Short positions below 1.037 with targets @ 1.03 & 1.0275 in extension.
Alternative scenario: Above 1.037 look for further upside with 1.0405 & 1.043 as targets.
Comment: as long as 1.037 is resistance, look for choppy price action with a bearish bias.

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 ...