Candlestick Daily: NZD/USD Dip Buy Opportunity CURRENCY CURRENT BIAS POTENTIAL STRATEGY EUR/USD (Short Term) Bounce possible after Friday’s big drop, but longer-term bias remains to the downside. Watch for volatility from ECB President Draghi’s speech at 8:30 EDT, 12:30 GMT. GBP/USD (Short Term) Back above 1.4900, but resistance expected if rates reach key psychological resistance at 1.5001 USD/JPY (Short Term) Trapped between longer-term Fib resistance at 101.60 and near-term support at 100.80 – see full report for more details. USD/CHF (Short Term) Pressing against near-term resistance at .9670, break above signals more gains to come. See full report for more details USD/CAD (Short Term) Pulling back from long-term resistance at 1.0600, but waiting for near-term bullish channel to break before selling. See full report for more details AUD/USD (Short Term) Bouncing off previous support at .9040, see full report for more details NZD/USD (Short Term) Buy if NZD/USD dips to .7740, stop at .7685, target at .7830. Move stop to breakeven on rally to .7790 following entry. Forex NewsJuly 9, 2013adminNo comments Permalink
