USDCHF

USDCHF closed @ 10130 which was BELOW the open and was within prior day's trading range. The High was 10 pips from Precise Trader's Res Zone 1 and the Low was 5 pips from Precise Trader's Sup Tgt 2.   The Hourly Oscillators are Bearish and the price is Below the MA, so the Bulls have to be sidelined. Hourly Trend is Sideways Down while 10145 holds and Daily Trend is also Sideways Down while 10280 holds, so expect the price  to be Choppy with a Downside bias.   The  Price closed just below the Sup  Zone 1 and  the bulls were strong and holding their gains  towards the close .The  Hourly trend is in a  Range trading  with a downside bias expect the bears to struggle near 10070-30 levels , 10145-10205  are the critical  levels to watch to maintain  the bearish out look .  On the 5 min is along the Horizontal   Channel  and  the price patterns are suggesting  choppy with lower lows. Fed Chairman Bernanke speaks today.

BULLS:   10070   10000          BEARS:   10180   10230   10260 

Conservative Traders:  SIDELINED or strictly trade only at Precise Trader's Report Levels.                

Aggressive Traders :  SIDELINED or strictly trade only at Precise Trader's Report Levels.                

AUDUSD

AUDUSD closed @ 9335 which was ABOVE the open and was within prior day's trading range. The High was 5 pips from Precise Trader's Res Zone 5 (U Turn Zone) and the Low was PRECISELY at Precise Trader's Sup Zone 1.   The Hourly Oscillators are Bullish and the price is Above the MA, so the Bears have to be sidelined. Hourly Trend is Sideways Up while 9270 holds and Daily Trend is also Sideways Up while 9080 holds, so expect the price  to make Higher Highs.  The Price closed  above the Res   Zone 1 and  the  bulls were strong ,  holding their gains  towards the close .The  Hourly Trend  is in a Range Trading but 9380 is the immediate barrier for the bulls, 9270-10   are the critical  levels to watch to maintain  the bullish outlook .  On the 5 min is choppy but along the  Up  Channel  and  the price patterns are suggesting higher highs once 9380 gives way. Fed Chairman Bernanke speaks today.

BULLS:   9315   9270          BEARS:   9380   9455    

Conservative Traders:  LONG near   9310   9270   with a tight stop with a 50 pips price target.       

Aggressive Traders :  LONG near   9310   9270   with a tight stop and   9380-450   price targets. 

USDCAD

USDCAD closed @ 10520 which was BELOW the open and was within prior day's trading range.  The High was 15 pips from Precise Trader's Res Zone 1 and the Low was 5 pips from Precise Trader's Hrly Level.   The Hourly Oscillators are Bearish and the price is Within the MA, so the Bulls have to be sidelined. Hourly Trend is Sideways while 10580 holds and Daily Trend is Sideways Down while 10785 holds, so expect the price  to be Choppy with a Downside bias.   The  Price closed  just below the Sup  Zone 1 and  the bears gave up mildly  towards the close .The  Hourly Trend is in a  Range trading with a  downside bias expect the bears to struggle near the 10450-15 levels , 10550-90  are the critical  levels to watch to maintain  the bearish outlook .  On the 5 min is along the  Up Channel  and  the price patterns are suggesting  higher highs.  Fed Chairman Bernanke speaks today.

BULLS:   10455   10375   10350       BEARS:   10535   10625    

Conservative Traders:  SIDELINED or strictly trade only at Precise Trader's Report Levels.                

Aggressive Traders :  SHORT near   10535   10550   with a tight stop and   10450-00   price targets.