Friday, September 14, 2012

USD/CAD intraday: under pressure.


Pivot: 0.97
Our preference: Short positions below 0.97 with targets @ 0.964 & 0.962 in extension.
Alternative scenario: Above 0.97 look for further upside with 0.9715 & 0.974 as targets.
Comment: the immediate trend remains down and the momentum is strong.

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 ...