Important announcements for today:
09.30 (GMT+0) GBP – Industrial production
13.15 (GMT+0) CAD – Housing starts
17.15 (GMT+0) USD – Federal Funds Rate
17.15 (GMT+0) USD – FOMC Statement
USD-CHF
Time: 05:26 (GMT+0) rate: 0.7510
Strategy: Short
60 minutes chart
The price performing a descending price structure (a series of descending highs and lows), we believe that a break of the last low at the 0.7484 price level will continue the move downwards, with first target at the 0.7398 price level.
You can see the chart on the link below:
http://www.real-forex.com/charts-daily/r/09.08.2011/7.jpg
EUR-AUD
Time: 05: 33 (GMT+0) rate: 1.4107
Strategy: Short
60 minutes chart
The price reached to the 1.4260 resistance level which can be seen at the daily chart. We believe that a brake at this area will lead to a correction of the last continuous ascending move (blue broken line), the size of the correction is assumed to be between a third and two thirds of the move. Meaning between the 1.3758 and the 1.3446 price levels
You can see the chart on the link below:
http://www.real-forex.com/charts-daily/r/09.08.2011/8.jpg