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USD/CHF, NZD/USD, and AUD/USD Technical Analysis.

The pair USD against franc made some positive trades .It was positively influenced by stochastic, which loses these positivity by reaching overbought levels, which makes us continue tipping the expected bearish intraday direction that targets levels 0.9250 initially and then away towards the 0.9000 psychological barrier.

Break of 0.9355 and then 0.9400 will stop these negative expectations. The trading range expected for today is between: support at 0.9150 and resistance 0.9385 General tendency expected for today: DOWN NZD/USD New Zealand dollar against the U.S. dollar showed incline downward and break the 0.8060 level, to test now the moving average 50, which forms support at 0.7985.

Stability above this level keeps the opportunities available to achieve a positive trading on the intraday and short term. Targets start at 0.8205, taking into account the fact that the breach of 0.7985 would lead to stretch toward the decline of up to 0.7740 The trading range expected for today is between: support at 0.7920 and resistance 0.8205 General tendency expected for today: UP AUD/USD Pair AUD/USD was under negative pressure forced it to skip the SMA 50 to move toward support for the sideway range referred at 0.9130.

To remain this range a dominant side, whose sides with mentioned support and resistance 0.9305. Therefore, the trading side will likely take place now, until the price will be able to confirm skip one of the sides and then provide a clearer signals for the next intraday trend for the price. The trading range expected for today is between: support at 0.9050 and resistance 0.9400 General tendency expected for today: LATERAL.

Tuesday, 30 Jul, 2013 / 6:53

Source : https://www.firstbinaryoption.com

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