USD CHF at the moving average 10/12/2012
The pair fluctuates around the EMA50 that forms resistance barrier against the intraday trading, accompanied with Stochastic reaching the overbought levels, and that supports the continuation of the overall expected bearish trend on the intraday and short term basis, reminding you that holding below 0.9400 represents the key factor to achieve this decline.
Breaking below 0.9240 is important to achieve the waited targets mainly at 0.9000
Expected trading range for today is between: 0.9240 support and 0.9400 resistance.
Expected trend for today: Bearish
NZD USD at the retest level 10/12/2012
The pair fluctuates near the retest level of the previous breached bullish channel support which turns into a resistance now at 0.8365, and this resistance is required to be breached to add more confirmation for the bullish trend return and stopping the last bearish correction.
EMA50 offers good support to the chances of achieving the preferred bullishness for today.
Expected trading range for today is between: 0.8260 support and 0.8450 resistance.
Expected trend for today: Bullish
AUD USD is settled 10/12/2012
The pair remains stable above EMA50, and that supports the last positive expectations which mainly depend on the organized trading inside the mentioned channel in the image.
We still waiting for an upside targets begin at 1.0550 and 1.0595, and the price might be forced to bounce a little lower from there due to the strength of these levels.
On the other hand, breaking below 1.0455 might force the price to visit 1.0365 before the attempt of moving higher again.
Expected trading range for today is between: 1.0365 support and 1.0600 resistance.
Expected trend for today: Bullish
Crude Oil negotiates the support 10/12/2012
The crude oil trading settled at the minor bullish channel shown at the image, supported by the positivity offered by Stochastic in order to protect the price from bearing more loses.
Until now, we remain expecting to witness sideways trading range on the intraday basis, with taking into consideration that breaking below 85.85 followed by a daily close below will pull the price to the downside and might reach near to 82.80.
Expected trading range for today is between: 84.00 support and 89.15 resistance.
Expected trend for today: Sideways