USDCHFUSDCHF is in down trend and further fall to test 1.1919 previous low support is still possible in a couple of days. Near term resistance is at the down trend line, and as long as the trend line resistance holds, down trend will continue.
USDCADUSDCAD is in down trend and further fall towards 1.1264 previous low is still possible later today. Near term resistance is at the down trend line, as long as the trend line resistance holds, down trend will continue.
USDJPYUSDJPY is in down trend and further fall towards 115.00 level is still possible later today. Near term resistance is at 116.00, a break above this level implies that the pair is bottoming on 4 hours chart, and correction is needed before the resumption of the down trend.
AUDUSDAUDUSD is in up trend and further rise towards 0.7850 is still possible in a couple of days. Near term support is at the up trend line, and as long as the trend line support holds, up trend will continue.
EURUSDEURUSD is in up trend and further rise towards 1.3200 level is still possible later today. Near term support is at 1.3065, a break below this level implies that the pair is topping on 4 hours chart, and correction is needed before the resumption of the up trend.
GBPUSDGBPUSD is in up trend and further rise towards 1.9500 is still possible later today. Near term support is at the up trend line, and as long as the trend line support holds, up trend will continue.
Tuesday, July 28, 2009
Short Term M.AyazUmer
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