Technical Analysis 01.09 (EUR/USD, AUD/USD, USD/CHF)

01.09.2010

EUR/USD
The EUR/USD currency pair doesn’t show us any particular graphic patterns, but currently the price is breaking the upper side of the descending channel. One can try purchases with the target in the area of 1.2925, it’s the closest resistance level for us. The stop must be below 1.2450.

AUD/USD
In case of the AUD/USD currency pair we have a good opportunity for purchase. Here we can see “head & shoulders” reversal forex online pattern forming with the target in the area of 0.9323. The second target is a bit higher - 0.9480. One can try to buy, the stop must be below 0.8860.

USD/CHF
The target is almost formed, so we recommend you to capture some part of the sales. In case of other positions, we can expect a further fall of the rate.

Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

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