Thursday, May 3, 2012

Forex Pairs to observe 5.2.2012+Charts

Eur.Aud & Aud.Chf

Eur.Aud is still following the upwards trend line very nicely as it continues to make higher highs. At the moment this pair retracement is slowly coming to a halt as it approaches the upwards trendline once more. The bulls in this pair are currently after 1.2891 with a fib target of 1.3048. Aud.Chf shows the opposite picture with the bears still in control of this pair. This pair is currently pushing up against resistance levels ready to u-turn back south. I anticipate resistance levels to hold and this pair to continue its journey further south. The bears in this pair are currently after its fib target of 0.9300 with support levels around 0.9262. 

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