Forex Market Review June 23, 2011

EURUSD

Pair detained yesterday and traded up to 1.4430 level and then pair traded lower on the session this morning asia pair drawn up to around the level of 1:43. For Intraday Today retracement up can occur and the range of 1.4356 Daily Pivot Intraday bias remains on today's Intraday Bearish with Support is located in ksiaran 1.4250 - 1:42.

Resistance Intraday Pivot Daily 1.4356 – 1.4430

Support Intraday S1 1.4269 – S2 1.4224

GBPUSD

In early European trade today this pair traded lgs weakened to 1.6125 range and at the beginning of Session Kahir U.S. and Australia Markets pair again traded down to 1.6025 range. Market bias is still bearish and the retracement is required if the market wants to trade this pair below the level of 1.6, predicted terletah dikisaran Retracement 1.6075 - 1.6125. Beware if the pair began restrained dikisaran that level then it is likely Bearish momentum starts to look back.

Resistance Intraday 1.6075 – 1.6125

Support Intraday 1.60 – 1.59

USDCHF

The movement of this pair on a very significant trading yesterday, volatility and liquidity is very high pair, the pair traded down to 0.8345 S3 in the European session and bounce back on U.S. session. In the Asian session this morning was traded pair rose to the level of 0.8440. Retracement down can occur up to the range of 0.84 - 0.8385 again. Market bias to be bullish and the intraday retracement predicted this would happen.

Resistance Intraday R1 0.8448 – 0.8470

Support Intraday 0.84 – 0.8385


AUDUSD

In trading yesterday form the Axis range of 1.0625 is still Resistance trade on this pair. Market to trade directly back toward the Lower Range on trading yesterday. Thus the pair is still in a state of permanent Bearish Neutral and push the pair up with Lower range in the range of 1.0500 level. Thus the pair trading range has narrowed between 1.0500 - 1.6025. Beware if one range is confirmed violated.

Resistance Intraday Pivot daily 1.0581 – 1.0625

Support Intraday 1.0500


Disclaimer:

Forex (and Futures) is a trading involves high risks, with potentially huge losses, and are not always suitable for everyone. This analysis acts as a Means of Education / Awareness and does not guarantee future performance or success.