TradingCentral analyses 05.11.2013

EUR/USD    GBP/USD    USD/CHF    USD/JPY    USD/CAD    AUD/USD   

05.11.2013 01:33 GMT+1 - EUR/USD intraday: key resistance at 1.354.

Pivot: 1.354
Our preference: Short positions below 1.354 with targets @ 1.3455 & 1.341 in extension.
Alternative scenario: Above 1.354 look for further upside with 1.36 & 1.365 as targets.
Comment: the pair is posting a rebound but stands below its resistance.

    

05.11.2013 01:37 GMT+1 - GBP/USD intraday: key ST resistance at 1.6.

Pivot: 1.6
Our preference: Short positions below 1.6 with targets @ 1.589 & 1.5845 in extension.
Alternative scenario: Above 1.6 look for further upside with 1.608 & 1.612 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1.6.

    

05.11.2013 01:41 GMT+1 - USD/CHF intraday: intraday support around 0.909.

Pivot: 0.909
Our preference: Long positions above 0.909 with targets @ 0.9145 & 0.9175 in extension.
Alternative scenario: Below 0.909 look for further downside with 0.907 & 0.9045 as targets.
Comment: a support base at 0.909 has formed and has allowed for a temporary stabilisation.

    

05.11.2013 01:39 GMT+1 - USD/JPY intraday: further advance.

Pivot: 98.4
Our preference: Long positions above 98.4 with targets @ 99 & 99.3 in extension.
Alternative scenario: Below 98.4 look for further downside with 98.05 & 97.75 as targets.
Comment: the pair stands above its support and remains on the upside.

    

05.11.2013 01:48 GMT+1 - USD/CAD intraday: under pressure.

Pivot: 1.045
Our preference: Short positions below 1.045 with targets @ 1.039 & 1.036 in extension.
Alternative scenario: Above 1.045 look for further upside with 1.0495 & 1.054 as targets.
Comment: as long as the resistance at 1.045 is not surpassed, the risk of the break below 1.039 remains high.

    

05.11.2013 01:44 GMT+1 - AUD/USD intraday: continuation of the rebound.

Pivot: 0.946
Our preference: Long positions above 0.946 with targets @ 0.9575 & 0.9625 in extension.
Alternative scenario: Below 0.946 look for further downside with 0.9425 & 0.9385 as targets.
Comment: the RSI is bullish and calls for further upside.

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