| Cable still bearish despite potential up-day.
Australian Dollar well capped above 0.6500. This would be a bullish signal and likely open the door to a more significant corrective rally over the coming days towards next key topside resistance by 1.2905-95 (25/23Feb highs). ]]> EUR/USD € The market has once again broken back above the 20-Day SMA on and could finally be ready for a close above the indicator that has capped on a close basis since coleman January. A break back below € low at 1.2615 will now be required to shift focus back on the downside. Dollar/Yen breaks below 10-day SMA; Short 98.25.
Dollar/Swiss holding above 100-Day SMA; stops trailed for profit. Dollar/Cad fails to establish downside momentum. SIDELINED; AWAIT CLEARER SIGNAL. Level Resistance Details 1.2995 R3 2/23 high 1.2905 R2 2/25 high 1.2825 R1 3/10 high.
Euro Finally Poised for Close Above 20-Day SMA (Daily Classical) Euro finally set for close above 20-Day SMA. New Zealand Dollar needs to break above 0.5095 for structural shift. |