NZDUSD had a nice bounce off of $0.8220 but appears to be struggling a bit near $0.8300 with next significant resistance near $0.9380. RSI not overbought any more but it still may need to do some backing and filling for a while. AUDUSD continues to drift back from $0.9515 in a normal trading correction, but remains above its $0.9260 breakout point. Currently near $0.9325, initial resistance may appear near $0.9400. USDJPY successfully tested the low end of its 98.00 to 100.00 trading channel but RSI under 50 suggests momentum remains downward. Next potential support appears near 96.60 then 95.80. AUDJPY continues to bounce around between 90.00 and 93.00 although a falling RSI suggests momentum may be turning downward. EURJPY briefly tested 131.75 but essentially continues to bounce around between 132.00 and 134.00 with RSI above 50 confirming underlying upward momentum. Next support on a breakdown near 131.50 then 130.00.
Posted on: Tue, 01 Oct 2013 10:16:22 +0000
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