Candlestick Daily: USD/CHF Headed to .9600 Next?

March 11, 2013 by stanh
Filed under FX News

CURRENCY	CURRENT BIAS	POTENTIAL STRATEGY
EUR/USD (Short Term)		Still consolidating around 1.3100 – See full report for more details.
GBP/USD (Short Term)		Collapsing to new multi-year lows, next support at 1.4870.
USD/JPY (Short Term)		Consolidating around 96.00, looking to buy dips to mid- or lower-95.00s later today.
USD/CHF (Short Term)		Buy if USD/CHF breaks above .9555, stop at .9515, target at .9597. See full report for more details
USD/CAD (Short Term)		Still consolidating around 1.0300 in quiet trade. Watching resistance at 1.0335 and support levels at 1.0220
AUD/USD (Short Term)		Treading water in near-term range between 1.02 and 1.03. See full report for more details
NZD/USD (Short Term)		Holding support at .8200, more aggressive traders may want to consider buying for a short-term bounce.