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USD CHF continues to fluctuate 06/03/2013
The pair remains hovering around 0.9400 which represents the positive factor that keeps the positive scenario valid, but Stochastic negativity makes the tight range fluctuation remains valid.
In general, holding above the mentioned level makes us wait for targets that start at 0.9500, while breaking below it will lead to retest the previously breached bearish channel’s resistance which turns now into support at 0.9310
Expected trading range for today is between: 0.9310 support and 0.9500 resistance.
Expected trend for today: Bullish
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NZD USD rallies to the upside 06/03/2013
The pair succeeded to breach above the minor bearish channel’s resistance to activate the positive effect for the continuance flag pattern, therefore the bullish trend will be preferred to retest the previously broken main support which turns now into resistance at 0.8380
MoreAUD USD starts positively 06/03/2013
The pair opens today’s trading with good positivity breaching the falling wedge’s resistance that was mentioned in our recent reports, this breach activates the positive effect of the pattern and reinforces our expectations for the continuation of the bullish trend, where we are waiting for upside targets start at 1.0335 and extend towards 1.0450.
MoreCrude Oil attempts to activate the positive pattern 06/03/2013
Crude oil begins today’s trading clearly positively where it attempts to breach above the falling wedge resistance that appears in the image, to reinforce our expectations of the upside trend for today, and the targets start at 91.75 and extend to reach 93.30 if the price succeeded to surpass the initial barrier.
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