Monday, September 17, 2012

NZD/USD intraday: break of a ST rising trendline support.


Pivot: 0.832
Our preference: Short positions below 0.832 with targets @ 0.8235 & 0.8165 in extension.
Alternative scenario: Above 0.832 look for further upside with 0.8355 & 0.84 as targets.
Comment: the pair is breaking below its bullish channel lower boundary.

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 ...