Thursday, September 6, 2012

AUD/USD intraday: key ST resistance at 1.0225.


Pivot: 1.0225
Our preference: Short positions below 1.0225 with targets @ 1.016 & 1.0135 in extension.
Alternative scenario: Above 1.0225 look for further upside with 1.0285 & 1.0315 as targets.
Comment: as long as 1.0225 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 ...