USD CHF reaches the key support 27/11/2012
The pairs’ trading settled at the critical support 0.9240 which we are waiting to be breached, and it has the ability to push the price towards more bearishness on the short term basis.
In general, the bearish trend scenario remains valid, and the waited targets begin at 0.9150 followed by 0.9000, while achieving it requires stability below 0.9400
Expected trading range for today is between: 0.9150 support and 0.9400 resistance.
Expected trend for this week: Bearish
NZD USD is settled positively 27/11/2012
The pair remained stable above the previous breached neckline at 0.8200, to keep the positive effect of the inverted head and shoulders pattern valid, and we are waiting for bullish targets begin at 0.8300 followed by 0.8400.
EMA50 and Stochastic are offering good support for our expectations of moving higher.
Expected trading range for today is between: 0.8150 support and 0.8400 resistance.
Expected trend for this week: Bullish
AUD USD gains well 27/11/2012
The pair achieved good gains yesterday approaching from the retest level for the previous breached support which is located at 1.0495; a clear breach for this level is needed to confirm the continuation of the short term trend to the upside.
Note that the breach of 1.0480 is considered as positive factor that supports the proposed bullish trend, but we need to get daily close above this level and also above 1.0495 to confirm it.
On the other hand, breaching below 1.0420 might cause an intraday reverse towards lower levels.
Expected trading range for today is between: 1.0365 support and 1.0600 resistance.
Expected trend for this week: Neutral
Crude Oil is calm 27/11/2012
The narrow range continued controlling the intraday trading of the crude oil, to hover around 88.00, and we still seeing a contradiction signals between the technical indicators, between EMA50 negativity which forms a resistance barrier at 88.80, and Stochastic positivity.
Therefore, we prefer continuing in neutrality, until getting clearer signals for the next trend, note that the speculative traders can gain benefits from the current sideways trading range.
To view more technical factors that affect the oil price moves, please follow this link:
Deeper technical look at the Crude Oil price
Expected trading range for today is between: 85.00 support and 91.00 resistance.
Expected trend for this week: Neutral