|
FXTechstrategy Launches New Subscription Plans/Packages
AUDUSD: Maintains Above The 0.9078 Level. AUDUSD: The pair remains biased to the upside having held firmly above the 0.9078 level. This has created scope for more upside towards the 0.9219 level. While this level may present a considerable resistance on initial test, we believe it should give way for a run towards its May 04’10 high at 0.9265. A clean penetration of that level will clear the way for more recovery towards its April 21’10 high at 0.9337 and then the 0.9404 level, its Nov’16’10 high. Its daily RSI is bullish and pointing higher supporting this view. Alternatively, on weakness the 0.9078 level just eroded should come in as the initial target with a loss of there aiming at the 0.8770 level followed by the 0.8736 level and then the 0.8632 level, its July 19’10 low. 
USDCAD: Continues To Sell Off
USDCAD: With bear pressure on course as the pair continues to weaken, risks are developing towards a convincing break and hold below the 1.0137 level, its Jun 21’10 high. A sharp sell off on the back of its Wednesday losses saw the pair testing below the 1.0137 level in early trading today. Below there will clear the way for a run at the 1.0100 level where we could see a respite. However, a climb back above its July 22’10 high at 1.0501 will have to be established to halt its current downside vulnerability and create scope for more strength towards the 1.0675 high, its July 06’10 high. A break of that level will open the door for further higher prices towards the 1.0851 level, its 2010 high. Overall, USDCAD continues to look susceptible to the downside nearer term.
Questions About Our Package?
Download A Sample Technical Report
Our Latest Media Coverage
Mohammed has been featured in the following magazines.
The Technical Analyst Magazine-October 2008
 Special Contributor
 Founding Member, Factory News Network (FNN)
Contributor
 
 
Redistribution, republication or copying of FXTechstrategy.com content is clearly prohibited without the prior written permission of FXTechstrategy.com .This report is prepared solely for information and data purposes. Opinions, estimates and projections contained herein are those of FXTechstrategy.com's own as of the date hereof and are subject to change without notice..Click here for full disclaimer
|
