| Sep 2 2010, 22:19:36 GMT | Sydney: | 08:19 | Tokyo: | 07:19 | Barcelona: | 00:19 | London: | 23:19 | New York: | 18:19 | San Francisco: | 15:19 |
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The USD JPY main trend on the daily chart turned down on the daily chart when the market broke through the last swing bottom at 90.08. In addition, a 50% price at 90.15 has been violated. The chart now indicates that 89.64 is the next likely downside target.
The next downside target for the AUD USD is .8948.
The NZD USD is testing .7159. A close under this is bearish.
Upside momentum could take the USD CAD to 1.0871.
The USD CHF is still in a position to test the high of the week at 1.0285.
Trading foreign exchange on the margin carries a high level of risk, and may not be suitable for all investors. The high degree of
leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider
your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some
or all of your initial investment and therefore should not invest money that you cannot afford to lose. You should be aware of
all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
