News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Jamie's Pick: 05/28/12

Jamie's Pick: 05/28/12

Jamie Saettele, CMT, Sr. Technical Strategist

AUDUSD

The gap left open from 11/28/11 at 9773 has been filled and given way to an AUDUSD correction. Near term support is 9815 and resistance is expected in the 9935/65 region. Having bounced nearly 200 pips from the low, medium term players should be looking to short above 9900. Shorter term nimble traders may wish to trade from the long side towards the mentioned levels.

NZDUSD

The strong reaction off of the December low is textbook. Like the AUDUSD, medium term traders should look for shorts near 7675 resistance. Short term traders may wish to trade higher towards that level with 7580 as support. “It’s best to keep the former base channels on your charts. The underside of these lines tends to act as resistance as time passes.”

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES