AUD/USD                  20/02/2013

1 week Trend:   (=)  1 month Trend:  (=)
AUD/USD MT: consolidation.
Pivot: 1.0620

Our Preference: SHORT position below 1.0620 with 1.0150 & 0.9995 in sight.

Alternative Scenario: Above 1.0620 up move to 1.0850.

Comment: technically, the RSI is below its neutrality area at 50. Key moving averages are reversing down increasing downward momentum.

Trend: ST Ltd Downside; MT Range, we have been bearish since 6 FEB 2013 (1.0301).

Key levels Comment

1.1000** Horizontal resistance
1.0850*** Horizontal resistance
1.0620*** MT pivot point
1.0323 Last
1.0150*** Horizontal support
0.9995** Horizontal support
0.9835*** Horizontal support

NZD/USD                  20/02/2013

1 week Trend:  (=)  1 month Trend:   (=)
NZD/USD intraday: under pressure.
Pivot: 0.8415

Our preference: Short positions below 0.8415 with targets @ 0.8355 & 0.833 in extension.

Alternative scenario: Above 0.8415 look for further upside with 0.845 & 0.849 as targets.

Comment: as long as the resistance at 0.8415 is not surpassed, the risk of the break below 0.8355 remains high.

Key levels
0.849
0.845
0.8415
0.8369 last
0.8355
0.833
0.8315

GBP/JPY                  20/02/2013

1 week Trend:   (=)  1 month Trend:  (=)
GBP/JPY intraday: the downside prevails.
Pivot: 143.85

Our preference: Short positions below 143.85 with targets @ 142.7 & 142.4 in extension.

Alternative scenario: Above 143.85 look for further upside with 144.7 & 145.1 as targets.

Comment: the break below 143.85 is a negative signal that has opened a path to 142.7.

Key levels
145.1
144.7
143.85
143.153 last
142.7
142.4
141.85

EUR/USD                  20/02/2013 

1 week Trend:  (=)  1 month Trend:  (=)
EUR/USD intraday: intraday support around 1.3365.
Pivot: 1.3365

Our preference: Long positions above 1.3365 with targets @ 1.343 & 1.347 in extension.

Alternative scenario: Below 1.3365 look for further downside with 1.3325 & 1.3305 as targets.

Comment: the pair stands above its new support (former resistance) and should post further advance as the RSI stands above its oversold area.

Key levels
1.35
1.347
1.343
1.3371 last
1.3365
1.3325
1.3305

Technical Analysis – Time MetaTrader4