Thursday, October 4, 2012

AUD/USD intraday: key ST resistance at 1.0235.


Pivot: 1.0235
Our preference: Short positions below 1.0235 with targets @ 1.0118 & 1.015 in extension.
Alternative scenario: Above 1.0235 look for further upside with 1.029 & 1.035 as targets.
Comment: as long as 1.0235 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 ...