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USD CHF retests 05/03/2013
The pair fluctuates around 0.9400 to retest it after succeeding to breach it previously, and affected by Stochastic negativity, while EMA50 remains supporting the price from below.
In general, the bullish trend will remain preferred unless breaking below 0.9400 and followed by 0.9310, where this will turn the main bearish trend’s scenario back which is initially targeting visiting the psychological barrier at 0.9000
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 tests the resistance 05/03/2013
The pair closed yesterday’s trading with clear positivity and resumes this positivity today, where it is testing now the resistance levels that shown in the image between 0.8280 and 0.8290, where the last level represents a minor bearish channel resistance that might form a continuation bullish flag in case breaching it to the upside.
MoreAUD USD settled above the support 05/03/2013
The pair kept the stability above the main support that appears in the image, and approaches from the falling wedge’s resistance at 1.0270, and breaching above this resistance will provide a positive motive that pushes the price to turn its intraday track to the upside.
MoreCrude Oil attempts to break 05/03/2013
Crude oil made an attempt to break the psychological barrier 90.00 and 61.8% Fibonacci at 90.20 but it return to close yesterday’s trading above them, which keeps the price inside the falling wedge that appears in the image, and that makes us continue in preferring the intraday bullish trend which is initially targeting testing 91.75
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