USD CHF is settled at the critical support 04/12/2012
The pair is settled at the waited-to-be-breached support at 0.9240, which represents a key for pulling the price to the downside and we expect it to remain the dominant on the intraday and short term trading.
Our anticipations are supported by EMA50 which continue pushing negatively on the price, pointing that breaching 0.9400 will stop these expectations temporarily.
Expected trading range for today is between: 0.9100 support and 0.9350 resistance.
Expected trend for today: Bearish
NZD USD is back to the positivity 04/12/2012
The pair managed to return to settle above 0.8200 to reactivate the bullish technical pattern shown at the image, that makes us retrieve our bullish trend scenario which mainly targets 0.8400
EMA50 offers good support for the intraday trading while Stochastic might cause some temporary sideways range fluctuation.
Expected trading range for today is between: 0.8100 support and 0.8400 resistance.
Expected trend for today: Neutral
AUD USD begins with positivity 04/12/2012
The pair closed yesterday’s trading exactly at the critical level 1.0420, noticing that the price begins today’s trading with clear positivity moving towards a new retest for the breached wedge support which turns into resistance now at 1.0535
For today, we suggest witnessing positive trading towards the mentioned level, with being aware that monitoring the price behavior when reaching this level is important, hence breaching it will postpone the return of the bullish trend on the short term basis.
Expected trading range for today is between: 1.0365 support and 1.0600 resistance.
Expected trend for today: Neutral
Crude Oil fails to confirm the breach 04/12/2012
The price rallied to the upside yesterday but failed to close above 89.00, that delays the continuation of the bullish trend which is approaching from being preferred on the intraday and short term basis.
EMA50 is considered as a good support, while Stochastic offers negative signals, and this contradiction forces us to remain neutral until getting more accurate signals for the next trend.
Expected trading range for today is between: 87.00 support and 93.00 resistance.
Expected trend for today: Neutral