Monday, October 8, 2012

NZD/USD intraday: under pressure.


Pivot: 0.8225
Our preference: Short positions below 0.8225 with targets @ 0.815 & 0.813 in extension.
Alternative scenario: Above 0.8225 look for further upside with 0.8265 & 0.8285 as targets.
Comment: as long as the resistance at 0.8225 in not surpassed, the risk of the break below 0.815 remains high.

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 ...