GBP/USD               3/4/2013

1 week Trend:   (=) 1 month Trend:  (=)
GBP/USD intraday: the downside prevails.
Pivot: 1.5135

Our preference: Short positions below 1.5135 with targets @ 1.506 & 1.502 in extension.

Alternative scenario: Above 1.5135 look for further upside with 1.5175 & 1.522 as targets.

Comment: the pair is rebounding but stands below its resistance, the RSI lacks upward momentum.

Key levels
1.522
1.5175
1.5135
1.5104 last
1.506
1.502
1.5

EUR/USD               3/4/2013

1 week Trend:  (=) 1 month Trend:  (=)
EUR/USD intraday: the downside prevails.
Pivot: 1.2825

Our preference: Short positions below 1.2825 with targets @ 1.279 & 1.277 in extension.

Alternative scenario: Above 1.2825 look for further upside with 1.2845 & 1.2875 as targets.

Comment: the pair is posting a rebound but stands below its resistance, the RSI remains badly directed.

Key levels
1.2875
1.2845
1.2825
1.2802 last
1.279
1.277
1.2745

AUD/USD                    3/4/2013  

1 week Trend:  (=)  1 month Trend:  (=)

AUD/USD MT: bullish bias above 1.015.
Pivot: 1.0150

Our Preference: LONG position above 1.0150 with 1.0620 & 1.0850 in sight.

Alternative Scenario: Below 1.0150 down move to 0.9835.

Comment: the pair has pushed above a bearish trend line while the 20-day moving average is reversing up.

Trend: ST Ltd Upside; MT Range, we have been bullish since 15 MAR 2013 (1.0410).

Key levels Comment

1.1080*** Horizontal resistance
1.0850*** Horizontal resistance
1.0620*** Horizontal resistance
1.046 Last
1.0150*** MT pivot point
0.9995** Horizontal support
0.9835*** Horizontal support

Technical Analysis – Time MetaTrader4