22.12.2010

Dollar index trading at 80.45, just above support and up trend line on 1h timeframe. Oscilator in oversold zone.

Eurusd currently at 1.3140. Dipping lower after testing resistance at 1.3180. Supports stand 1.3060 and 1.3000.

Gbpaud hit 161.8 fibonacci extension.
Interesting Saxo Bank prediction says Audgbp will drop 25% in the next year. You can read more here: http://www.saxobank.com/about-us/press/Documents/outrageous-predictions-2011.pdf

This is last post before Christmas so just want to wish you all Merry Christmas. Also hope that next year will bring all of us only good days and many pips :)

21.12.2010

Dollar index currently at 80.44, with support at 80.30. Break below support would lead to drop towards 79.80, its lower intraday support. Break above yesterdays high 80.70 would lead to retest 81.30 and higher.

Eurusd currently at 1.3150, capped below resistance 1.3190. Break above would lead to test h4 down trend line as well as resistance area 1.3270 - 1.3290. Important support levels are 1.3060 and 1.3000.

Interesting situation on GbpAud. Pair has reached its 138.2% fibonacci extension target level, heading towards 161.8%. A rally after reaching targets is possible scenario.

Audusd creating possible Head & shoulders to move lower.