الخميس، 30 أغسطس 2012

Forex Technical Analysis 2012/31/08 USD/CHF AUD/USD NZD/USD


USD/CHF


The USD/CHF currency pair continues moving according to the forecast, the target of the fall is the area of 0.9495. One can consider selling the pair aggressively from the current levels with the stop above 0.9615 and increase the amount of short positions after the price breaks the level of 0.9540. The test of the descending trendline at the RSI is an additional signal to sell Franc.



AUD/USD


Despite our expectations Australian Dollar is still moving downwards. The RSI indicator was supported by the ascending trendline. There is a strong support level in the area of 1.0310. One can consider buying the pair aggressively with the tight stop. If the price falls down lower than 1.0280, this scenario will be cancelled.


NZD/USD


New Zealand Dollar continues moving inside the ascending channel. Currently the price is testing the channel’s lower border, we should expect it to rebound and start growing up. One can still consider buying the pair with the tight stop. If the price falls down lower than 0.7970, this scenario will be cancelled. The test of the ascending trendline at the RSI is an additional signal to buy the pair.

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