Saturday, July 31, 2010

AUD/USD Target Reached at 0.9157

AUD/USD Target Reached at 0.9157

The Aussie rose to a 0.9189 high to reach our short entry point at 0.9177. The initial target was reached at 0.9157 (+20), before second half of the order opened at 0.9217. View original analysis here. Concern EU leaders will fail to agree on an aid package for Greece this week, has investors turning to [...]

AUD/USD recovers from 0.8788

From current levels, 0.8905, the pair finds initial resistance at 0.8922, followed by 0.8953, and 0.9042.

AUD/USD Limit Sell 0.8948

AUD/USD reached first resistance at 0.8845 and is now looking to test 0.8918. Pre-London target

GBP/USD rebound extends to 1.6245

From current levels, 1.6235, the pair finds initial support at 1.6175, followed by 1.6160 and 1.6109.

AUD/USD Limit Buy at 0.8972*

From current levels, 0.8998, the pair finds initial resistance at 0.933, followed by 0.9095, 0.9170 and 0.9213.

NZD/USD Limit Buy at 0.7054*

From current levels, 0.7084, the pair finds initial resistance at 0.7094, followed by 0.7118, and 0.7165.

EUR/USD key levels to watch ahead of NFP

EUR/USD, continues to consolidate above the 1.4260 area ranging between 1.4450 and 1.4260.

FXD Series: A Closer Look Into ForexDistrict’s Trade Ideas

The Following article will be the first in a series of posts that will help you get a deeper understanding into the technical trade ideas supplied here at ForexDistrict.com.