Tuesday, September 25, 2012

USD/CAD intraday: the upside prevails.

Pivot: 0.9775
Our preference: Long positions above 0.9775 with targets @ 0.9815 & 0.9835 in extension.
Alternative scenario: Below 0.9775 look for further downside with 0.9755 & 0.9725 as target
Comment: the pair is rebounding and should reach its next resistance.

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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 ...