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UMOFX Daily Technical Analysis March 26 2013

EUR/USD D1

EUR/USD is trading in a range of 1.2799-1.3070 level. Break of any level will clear the trend. Bollinger bands are providing buy signals for the pair. If EUR/USD manage to hold its key level of 1.2799 level then it has the potential to continue its northward trend.
On the contrary, Price action on 1.2799 level should be carefully watch. Break of this level will open gates towards south and pair is expecting to dropped rapidly and target 1.2730-00 level respectively.
High impact News of USD can affect the movement of pair. News like Core Durable Goods Orders m/m, CB Consumer Confidence, New Home Sales.
eurusd-d1-technical-26.gif


GBP/USD D1

The outlook for the cable is bullish for today. Pair will go up and test its resistance at 1.5255 level. If GBP/USD manage t o break this level and H4 candle close above 1.5255, it will indicate bulls are ready to take pair further upward.
This scenario can be vanished, If GBP/USD didn’t manage to hold its support 1.5140 level and H4 candle close below this level then it will show GBP got bearish potential and GBP/USD will then target southward.
High impact Data’s can affect the move of GBP/USD. Data’s like Core Durable Goods Orders m/m, CB Consumer Confidence, New Home Sales.
gbpusd-d1-technical-26.gif


AUD/USD D1

Aussies is in bullish mood today. It will test resistance at 1.0493 level. Bollinger bands are also providing buy signals for the pair. Price action on 1.0493 level should be carefully watch.
If AUD/USD manage to break through this level and give a day closure above this level, then pair is expecting to continue its uppish trend.
On the other hand, if AUD fails to give a daily closure above 1.0493 level then it will indicate pair have bearish strength and AUD/USD will then start moving southward and target 1.0400 level.
High impact News can affect the trend of pair. News like Core Durable Goods Orders m/m, CB Consumer Confidence, New Home Sales.
audusd-d1-technical-26.gif



USD/CHF H4

USD/CHF is currently testing its resistance at 0.9515-20 level. Price action on this level should be carefully handle, If pair break this level and H4 candle close above 0.9520 level, then it will provide USD/CHF more strength and pair will continue its bullish trend.
On the other hand. If USD/CHF fails to overcome its resistance today and H4 candle close below 0.9520 level then pair will start moving towards southward and target 0.9380 level.
High impact News of USD can affect USD/CHF. News like Core Durable Goods Orders m/m, CB Consumer Confidence, New Home Sales.
usdchf-d1-technical-26.gif


Source: UMOFX One Stop Market Centre | NDD Broker
 
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