Wednesday, October 10, 2012

USD/CAD intraday: bullish bias above 0.977.


Pivot: 0.977
Our preference: Long positions above 0.977 with targets @ 0.981 & 0.984 in extension.
Alternative scenario: Below 0.977 look for further downside with 0.9745 & 0.973 as targets.
Comment: a support base at 0.977 has formed and has allowed for temporary stabilisation.

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 ...