Change Point(devaluation level): 0877
We prefer: long positions over 0877 with increased price targets on 0885 & 0893.
Alternative scenario: below 0877, we expect further downside with 0.8685 & 0867 as price targets.
Technical comment: the fraction of 0877 represents a positive signal that a way has opened on 0885.

Related Post

• FOREX Technical Analysis 13. Jan. 2012
• FOREX Technical Analysis 12. Jan. 2012
• FOREX Technical Analysis 11. Jan. 2012
• FOREX Technical Analysis 10. Jan. 2012
• FOREX Technical Analysis 9. Jan. 2012

Related posts:

1. AUD / USD intraday: further upward movement.
2. AUD / USD around during the day: support throughout the day around 0.87.
3. AUD / USD over the day: the upward movement will prevail.
4. AUD / USD over the day: the upward movement will prevail.
5. USD / CAD in the course of the day: continuing the conversion.