Wednesday, October 3, 2012

USD/CAD intraday: further advance.


Pivot: 0.982
Our preference: Long positions above 0.982 with targets @ 0.986 & 0.988 in extension.
Alternative scenario: Below 0.982 look for further downside with 0.98 & 0.9775 as targets.
Comment: the next resistances are at 0.986 and then at 0.988.

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 ...