October 3rd Long-Term Charts

FX Strategy Video > Currency Pairs Analysis

Looking at the EUR/USD, this chart is sitting right at the very bottom of support - if it gives, we could see massive selling again in this pair. With all of the problems in the EU, this wouldn't exactly surprise us.

USD/CAD has shot straight up over the last couple of weeks, and we feel this is a "buy only" pair at this point. This is especially true now that oil is falling as well. We want to see pullbacks however, as it looks a little overbought at this point.

AUD/USD looks absolutely horrible. A break of the lows from this past week signals 0.95, and then 0.93 at least. This currency pair will continue to get punished by any slowdown out of China.

Published on 30th of September 2011
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