Showing posts with label bullish channel. Show all posts
Showing posts with label bullish channel. Show all posts

Friday, December 14, 2012

AUDUSD -20121214


AUDUSD has found resistance zone 1.06 to 1.0550 area 
Pair had rejected from level 1.06  (12/08/2012's high) & (14/09/2012's high) and now again pair is hovering near same level ( 1.055)and RSI (14) -65  where pair may find resistance 

If Pair fail to break this resistance then it may test strong support zone 1.0150area
breaks  and 
if Pair breaks resistance 1.0630 then it will be upside targeting +400pips


Thursday, December 13, 2012

GBPUSD - 20121213

GBPUSD has strong resistance @1.6182 pair is moving in upside channel
Pair has rejected from this resistance level almost three times 
Recent news: S&P cut UK outlook to negative
US DOLLAR is slowly becoming stronger

if pair manage to break support @1.6060 then it may test next level 1.6 & 1.5914 (23rd Oct.2012's low )

Resistance :  1.6182, 1.6256
support:        1.6000, 1.5914