Tuesday, October 2, 2012

USD/CAD intraday: key ST resistance at 0.984.


Pivot: 0.984
Our preference: Short positions below 0.984 with targets @ 0.9775 & 0.976 in extension.
Alternative scenario: Above 0.984 look for further upside with 0.986 & 0.9885 as targets.
Comment: as long as 0.984 is resistance, likely decline to 0.9775.

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 ...