USD/CHF is consolidating in a triangle pattern a break above the triangle should push the pair higher towards 0.93. However a break below the shorter term trend line support should push it back to the bottom of the triangle at 0.9050....

  NZD/JPY may be setting up an intermediate low ahead of the 65.50 support level. The RSI is posting a divergence and the 65.26 lows formed earlier this year are still intact. As long as the 65.25 level is not breached we favor a move...

  EUR/USD is testing the neckline of the head and shoulder pattern at 1.30. A break below should push the pair lower to 1.28 and 1.26. We are watching price action for now.

  USD/CHF may be beginning its Wave III move higher. We are already long from 0.9095 as indicated on the wire earlier today. We will be looking to add more units on further dips. Stops remain below 0.9 with targets above 0.9335. Good...

  AUD/NZD is showing signs of stabilizing after a steep fall. The RSI is recovering from oversold levels and the pair seems to be moving back into the parallel channel that had guided it lower. I am long 1 unit from 1.26 with stops below...

  AUD/CAD is coming up against its weekly trend line from the 0.96 lows. Look for buying interest in this region to go long. Watching price action for the time being.