Thursday, October 4, 2012

NZD/USD intraday: under pressure.


Pivot: 0.8265
Our preference: Short positions below 0.8265 with targets @ 0.8175 & 0.815 in extension.
Alternative scenario: Above 0.8265 look for further upside with 0.8315 & 0.8335 as targets.
Comment: as long as 0.8265 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 ...