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Midday update for EUR USD 24/01/2013

Economies.com
2013-01-24 11:09AM UTC

The pair shows sideways and mixed trading since morning while it still keeping the stability above EMA50, and this makes us continue in our positive expectations issued this morning, which remain valid unless we witnessed breaking and settling below 1.3250.

 

Expected trading range for today is between: 1.3250 support and 1.3485 resistance.

 

Expected trend for today: Bullish

 

USD CHF is settled 24/01/2013

Economies.com
2013-01-24 05:55AM UTC

The tight range dominates the pair’s trading, which remains fluctuating near the EMA50, accordingly, we are keeping our preferred bearish trend expectations on the intraday basis, we remind you that achieving it require breaking blow 0.9235 beside settling below 0.9400

 

Stochastic continues it’s bearish trend to support our anticipations of moving lower for today.

 

Expected trading range for today is between: 0.9075 support and 0.9400 resistance.

 

Expected trend for today: Bearish

NZD USD begins with positivity 24/01/2013

Economies.com
2013-01-24 05:55AM UTC

The pair begins today’s trading with slight bullish bias hitting the minor critical resistance level at 0.8445, where breaching above this level will ease the price mission to resume the bullish trend, which is targeting initially 0.8500 and followed by 0.8600.

 

EMA50 and Stochastic are supporting the expected bullish wave from below well.

 

Expected trading range for today is between: 0.8345 support and 0.8600 resistance.

 

Expected trend for today: Bullish

AUD USD returns to test the channel’s support 24/01/2013

Economies.com
2013-01-24 05:54AM UTC

The pair wasn’t able to hold long above 1.0550, to be trading again near the bullish channel support which is located now at 1.0500.

 

In general, the stability of the trading inside this channel keeps the general bullish trend valid and active, and the targets still starting at 1.0700, being aware that breaking 1.0500 and followed by 1.0485 will open the way for heading towards 1.0365.

 

Expected trading range for today is between: 1.0485 support and 1.0700 resistance.

 

Expected trend for today: Bullish