Technical Analysis by Roger Stojsic: Intraday Technicals: USD Approaching Key Support Vs. CAD and CHF

June 21, 2011

CURRENCY	CURRENT BIAS	POTENTIAL STRATEGY
EUR/USD (Short Term)		Retesting 50% daily resistance near 1.4380-1.44
GBP/USD (Short Term)		Waiting for a new pattern to emerge
USD/JPY (Short Term)		Retesting critical support near 80.0
USD/CHF (Short Term)		Buy if prices drop to .8375 risking .8336 targeting .8453
USD/CAD (Short Term)		Buy if prices drop to .9728 risking .9689 targeting .9824 (stop to breakeven at .9768)
AUD/USD (Short Term)		Waiting for a new pattern to emerge
NZD/USD (Short Term)		Waiting for a new pattern to emerge

EUR/USD (Intraday Forecast)
Potential Strategy
Retesting 50% daily resistance near 1.4380-1.44
What is the trend? Neutral What is this pattern? No pattern present - See all chart patterns Why is this significant? What other indicators or Fib Levels support this thesis?
Reason for Strategy
Support & Resistance Levels Resistance 3 1.4497 Recent high (point X on 1hr) Resistance 2 1.4406 78.6% of XA on 1hr Resistance 1 1.4384 50% on daily Current Price 1.4372 Support 1 1.4310 38.2% on 1hr Support 2 1.4287 50% on 1hr Support 3 1.4264 61.8% on 1hr
Daily Chart -	1hr Chart -
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