Archive for Momentum Plays

AUD/USD Intraday Triangle Breakout

by: Radar April 23, 2009

The AUD/USD is enjoying a surge of buying support improvements in the credit market are perceived to be increasing risk appetite.  From a technical standpoint this psychology can be measured by the breakout above the key 0.7100 level.  As the AUD/USD has been rallying the U.S. Dollar Index has sunk back below the 86.00 further [...]

Daily USD/CHF Continues to Consolidate within Triangle

by: Radar April 22, 2009

The USD/CHF has been consolidating across multiple intraday time frames as the U.S. Dollar continues to find resistance at between 86.80 and 87.00 and support above 83.00.  This type of range-bound movement in the U.S. Dollar can find its way onto charts like the USD/CHF and EUR/USD - both of which are trading within triangle [...]