Thursday, September 13, 2012

USD/CAD intraday: rebound.


Pivot: 0.9735
Our preference: long positions above 0.9735 with targets @ 0.9785 & 0.9805 in extension.
Alternative scenario: Below 0.9735 look for further downside with 0.9705 & 0.9675 as targets.
Comment: the pair has broken above a bearish channel upper boundary and remains on the upside.

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 ...