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UMOFX Daily Technical Analysis March 27 2013

EUR/USD D1

EUR/USD break its support of 1.2799 and dropped rapidly 50 pips. Now pair is targeting next support at 1.2733 level. Bollinger bands start tighten due to oversold of pair. So price action on support level should be carefully watch.
If EUR manage to hold 1.2733 level and H4 candle close above this level then we are expecting pair to get a bounce from support and target 1.2880 level. On the contrary, If pair fails to hold its support and H4 candle close below 1.2733 level then pair will show more bearish potential and EUR/USD will further fall towards 1.2690-50 level respectively.
High impact News can affect the movement of EUR/USD. News like Pending Home Sales m/m.
eurusd-d1-iko-forex-limited.png


GBP/USD H4

Cable is in bearish mood. GBP/USD break its support 1.5140 level and dropped towards south. Now pair is expecting to target its next support at 1.5065 level. If GBP/USD manage to break its support level and give a day closure below this level then it will open gate towards southward and pair will target 1.5020 level.
The scenario can be change, If GBP hold its support 1.5065 level and give a day closure above 1.5100 level. Then pair will move upward and target 1.5175-80 resistance level.
High impact Data’s can affect the move of GBP/USD. Data’s like Pending Home Sales m/m.
gbpusd-h4-iko-forex-limited.png


AUD/USD D1

Aussies didn’t manage to overcome its resistance 1.0493 level and dropped upto 57 pips. Now we are expecting pair to continue its bearish trend and test its support at 1.0390 level. Bollinger bands are also showing sell signals for the pair.
Price action on 1.0390 level should be watch carefully. If AUD/USD manage to break its support and give a day closure below this level then it will indicate pair got more bearish strength, which will take pair further towards southward.
High impact News can affect the trend of AUD/USD. News like Pending Home Sales m/m.
audusd-d1-iko-forex-limited.png



USD/CHF D1

The outlook for the pair is bullish. USD/CHF break its resistance 0.9520 level and now it will test its weekly resistance at 0.9591 level. Price action on this level should be carefully watch. W1 is showing group of sellers in this zone. If pair get a pull back from its resistance and give a day closure below 0.9590 level. Then it will shows bears are taking charge and then it will take pair towards south.
High impact Data of USD can affect USD/CHF. Data like Pending Home Sales m/m.
usdchf-h4-iko-forex-limited.png


Source: UMOFX One Stop Market Centre | NDD Broker
 
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