KBC technical analysis reports: AUD/USD, USD/CAD, GBP/USD, EUR/CHF
Strong rebound retested .8860 and reapproached channel top off year high (see graph).
Support at .8741 (break-up hourly), with next level at .8633 (today’s low?), where pause favored.
If wrong, next levels at .8619/ .8612 (reaction low hourly/ daily envelope bottom), ahead of .8593/ .8582 (daily LongTerm Moving Average↑/ break-up hourly): tough on 1st attempts.
Resistance area at .8812/ .8814 (weekly envelope top/ today’s high?), where pause favored.
If wrong, next levels at .8853/ .8859 (weekly Bollinger midline/ daily Downtrendline off year high), ahead of .8871(July 14 high) and .8883/ .8894 (61.8% year high to .8066/ 61.8% 2009 high to .8066): tough on 1st attempts.
Content provided by:
KBC
Next Economic Event
Manufacturing Sales q/q
Did you know
European System of Central Banks
Since not all the EU states have joined the Euro, the ESCB could not be used as the monetary authority of the eurozone. For this reason the Eurosystem (which excludes all the NCBs which have not...
Recommended Brokers
Copyright ForexStrip.com © 2010 All Rights Reserved.



KBC technical analysis reports: AUD/USD, USD/CAD, GBP/USD, EUR/CHF

