Thursday, September 6, 2012

NZD/USD intraday: key resistance at 0.797.


Pivot: 0.797
Our preference: Short positions below 0.797 with targets @ 0.791 & 0.7865 in extension.
Alternative scenario: Above 0.797 look for further upside with 0.7995 & 0.803 as targets.
Comment: as long as 0.797 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 ...