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USD CHF moves according to the scenario 17/05/2013
The pair retested 0.9595 level which was mentioned yesterday, and bounced to the upside to resume the expected positive trading on the intraday and short term basis, supported by the EMA50, to wait upside targets that begin at 0.9770 and extend to 0.9950
Breaking below 0.9595 and settling below it will stop these positive expectations and lead to test 0.9400 level.
Expected trading range for today is between: 0.9595 support and 0.9770 resistance.
Expected trend for today: Bullish
NZD USD surpasses the critical barrier 17/05/2013
The pair managed to provide a daily close below 0.8173, confirming our suggested bearish trend expectations in our last report, and open the way to hit targets that begin at 0.8060 and extend towards 0.7920
Stochastic positivity might cause some temporarily fluctuations and a retest to the broken support before resuming the suggested bearish trend.
Expected trading range for today is between: 0.7980 support and 0.8360 resistance.
Expected trend for today: Bearish
AUD USD opens the way for more decline 17/05/2013
The pair settled with a daily close below 0.9825, to confirm more short term bearish trend, and the target now located at 0.9580
Carefully note that 0.9580 level has the medium term trend key, as a break for this level will confirm more decline that its targets go to 0.9225 and 0.9000, while on the other hand, breaching above 0.9930 will stop the bearish trend to begin recovery attempts and a return to the long term bullish trend.
Expected trading range for today is between: 0.9765 support and 0.9975 resistance.
Expected trend for today: Bearish
Crude Oil breaches the resistance 17/05/2013
Crude oil price leaned well on the EMA50, to rise surpassing 94.65 level, which opens the way for more intraday positive attempts that aim to test 96.90 level.
In general, we will suggest the domination of the sideways trading on the intraday basis, while this sideways range barriers are represented by the 92.50 support and 96.90 resistance, until being able to surpass one of the these levels and provide clearer signals for the next short term trend.
Expected trading range for today is between: 92.50 support and 97.60 resistance.
Expected trend for today: Sideways