Technical Analysis – FX Daily Majors

Today’s highlights:

EURUSD: Indecisive bottoming effort ahead of 1.3382/45 support with probe through 1.3557/74.  Above 1.3644 needed, however, for a firmer base to aim for 1.3815
GBPUSD: Back eyeing the 1.5719/17 support area with threat of bear extension next 1.5632/14, with the November target closer to 1.5464
AUDUSD: Eyeing the .9910/9866 support cluster today, with risk this week closer to .9728/9680
NZDUSD: Focusing on the .7469 October low, with the mounting November threat below here to critical longer-term foundations at .7433 and .7335

Today’s trades:

EURUSD: Flat, try a long at 1.3485 or through 1.3615 for 1.3806; exit/reverse 1.3419
USDJPY: Short through 77.44 for 76.56; exit 77.92
GBPUSD: Short through 1.5819 for 1.5646; exit 1.5936
USDCHF: Long from .8956 for .9288; exit .8919
AUDUSD: Short through 1.0052 for .9876; exit 1.0166
NZDUSD: Short on break of .7624 for .7441; exit .7756
USDCAD: Flat, try a long at 1.0216 for 1.0474; exit 1.0079

Click here to read the full report:

http://www.easyforexnews.net/wp-content/uploads/2011/11/document-804647750.pdf

 

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