Tuesday, September 11, 2012

AUD/USD intraday: rebound expected.


Pivot: 1.032
Our preference: Long positions above 1.032 with targets @ 1.04 & 1.043 in extension.
Alternative scenario: Below 1.032 look fro further downside with 1.03 & 1.0275 as targets.
Comment: the RSI calls for a rebound.
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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 ...