Hey everyone. For this outlook I concentrate on the Aussie USD since we have an Aussie rate statement scheduled today. It’s a fairly tough technical read for me as a result I have defined general support and resistance and some key levels to trade around and look out for. I also take a brief technical look at Cable. Quite simple analysis employed today, price action, fibs and general support and resistance. Good luck!! David Pegler
FOREX VIDEO - European Outlook November 3rd 2009
Source: blogs.fxstreet.com
- Tags:
- Daily market commentary
Read more...
IG Group FY Pretax Profit Seen +29% After 4Q Revenue Gains
After taking steps to improve its competitive position in the quarter its forex performance was strong and activity in indices was similar to previous ... See all stories on this...
USDCHF’s downward movement extends to 1.0801
USDCHF’s downward movement extends to as low as 1.0801 level. Resistance remains at the upper boundary of the falling price channel on...
Red Hat Shares Rise After Releasing Earnings
Red Hat Shares Rise After Releasing...
Forex Market Update: US Dollar Gives Back, Reserve CurrencyTo Be ...
The dollar came back under pressure during the European morning after Russia indicated that global currency reserves would be discussed at the BRIC meeting. ... See all stories on this...
Guest Post: Gold Technical Outlook: Looks Set For Upside Break
Zero Hedge Submitted by Chris Capre of 2ndSkiesForex Gold Technical Outlook: Looks Set for Upside Break Looking at the weekly chart on Gold (vs. USD), the sell-off from two weeks ago at the rejection of $1900 was impressive not so much in how much it dropped in a single week, but on how well...