Tuesday, October 2, 2012

NZD/USD intraday: under pressure.


Pivot: 0.8325
Our preference: Short positions below 0.8325 with targets @ 0.825 & 0.822 in extension.
Alternative scenario: Above 0.8325 look for further upside with 0.8355 & 0.838 as targets.
Comment: as long as 0.8325 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 ...