Thursday, October 4, 2012

AUD/USD intraday: the downside prevails.

Pivot: 1.0315
Our preference: Short positions below 1.0315 with targets @ 1.017 & 1.015 in extension.
Alternative scenario: Above 1.0315 look for further upside with 1.035 & 1.0405 as targets.
Comment: the RSI is bearish and calls for further downside.

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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 ...