http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-02-10.htmlThe Aussie came under pressure on Friday as the RBA's Statement on Monetary Policy was interpreted as dovish, and weighed by the increasing risk aversion. Technically, AUD/USD near-term studies show a bearish tone with indicators heading south below their midlines and price developing below the 20 SMA in 4 hours charts, although hourly oversold conditions may signal a consolidation phase before another leg lower. An uptrend line coming from late Dec around 1.0590 should offer immediate support,Fri, 10 Feb 2012 12:46:58 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-02-10.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-02-09.v02.htmlNews that Greece's political leaders reached an agreement on key austerity measures needed to secure funds from the Troika to avoid a default, boosted the Euro that touched a fresh 2-month high of 1.3320 on Thursday. Technically, EUR/USD holds a bullish tone as indicators are heading north above their midlines and the price develops above a bullish 20 SMA line in 4 hours chart. However, more range is expected today as the 100 DMA at the 1.3335 area seems a strong resistance to overcome. If theThu, 09 Feb 2012 17:03:44 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-02-09.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-02-08.v02.htmlThe Pound weakened during the American session, falling sharply toward the 1.5800 area versus the Greenback as risk appetite waned and ahead of tomorrow's BoE monetary policy meeting which is expected to result in a likely expansion of the QE. Short-term studies have turned negative, although GBP/USD holds a bullish tone in 4 hour charts with the price finding support at an ascendant trendline coming from Jan 13 lows (1.5795), and indicators turning south still above their midlines. However, aWed, 08 Feb 2012 17:13:08 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-02-08.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-02-08.htmlThe Euro extended gains versus the Dollar and hit a fresh 6-month high on Wednesday amid optimism Greek leaders are near a deal on measures to secure a second bailout from the troika. After breaking above the 38.2% retracement of the 1.4246/1.2623 fall at 1.3243, EUR/USD has found resistance at the 1.3290 area. Technically, short-term studies remain positive, although momentum is lacking strength. A break above the 1.3290/1.3300 area will open the doors for a test of the 1.3335 zone, where theWed, 08 Feb 2012 12:41:59 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-02-08.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-02-07.v02.htmlEUR/USD rallied during the American session amid optimism that a Greek bailout deal could be near and after Bernanke dovish words. EUR/USD rose sharply to a 2-month high of 1.3269, leaving behind several resistance levels and breaking above the 38.2% retracement of the 1.4246/1.2623 fall. Technically, the pair holds a bullish tone although indicators are losing strength, suggesting a downside correction may take place before another leg higher. A break above 1.3270 will open the doors for aTue, 07 Feb 2012 16:44:19 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-02-07.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-02-07.htmlThe Australian Dollar rose sharply during the Asian session, breaking through 1.0800 and hitting a fresh 6-month high, propelled by the decision of the RBA to left its cash rate on hold at 4.25%, against expectations of a 25 bp cut. Technically, AUD/USD holds a bullish tone, with 4 hours indicators heading north above their midlines and the price developing above the 20 SMA with positive slope. If the 1.0750 area holds as support on dips, the pair could attempt to retest 1.0820 highs en routeTue, 07 Feb 2012 12:30:43 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-02-07.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-02-06.v02.htmlThe Euro continues to trade inside last weeks' range, driven mostly by headlines coming from Greece where political leaders had postponed a meeting to agree on fiscal austerity measures needed to avoid default until tomorrow. Despite recent bounce, EUR/USD 4 hours chart holds a bearish tone as indicators are still heading south below their midlines while the price is testing the 20 SMA. More range is expected today, with the pair trading between 1.3020 and 1.3160. However, a break below theMon, 06 Feb 2012 17:06:20 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-02-06.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-02-06.htmlThe Euro came under pressure on Monday amid fears that Greece would not accept new austerity measures needed to secure further funding from the troika and to avoid a potential sovereign debt default. Technically, EUR/USD holds a bearish tone with 4 hours chart showing indicators heading south below their midlines and price developing beneath a flat 20 SMA.  The pair has been trading in a range between 1.3025/1.3225 within the last weeks so a break below the 1.3030/25 zone could led to moreMon, 06 Feb 2012 12:39:48 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-02-06.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-02-03.v02.htmlThe GBP/USD has been under selling pressure this Friday, regardless the strong risk appetite seen in stocks. The 4 hours chart shows the pair holds the bullish tone seen over the past few weeks despite testing 1.5740 o US employment readings, having bounced back to 1.5800 afterwards. Technically, the recovery has stalled in the 20 SMA while indicators head south still above their midlines. More range is expected till the end of the day, with the pair trading between 1.5740 and 1.5830 levels.Fri, 03 Feb 2012 16:15:34 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-02-03.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-02-03.htmlMarket is on wait and see mode ahead of the US employment data, with dollar under pressure as stocks advance. High yielders, included Australian dollar, hold the overall bullish tone seen over the past few weeks, with AUD/USD 4 hours chart showing indicators heading north above their midlines, and price finding support in a slightly bullish 20 SMA. As the pair will trade on risk, be aware of stocks reaction to the data: rising stocks amid a surprise positive number, will likely favor a spikeFri, 03 Feb 2012 11:38:25 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-02-03.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-02-02.htmlThe market mood is again turning negative, on disappointing news both in the UK and the euro zone. Stocks are slightly negative and dollar advancing slowly, with the GBP/USD 4 hours chart showing price developing in an ascendant channel since mid January, while despite losing momentum, indicators hold steady above their midlines. 20 SMA below current price also holds a strong bullish slope, favoring the upside. A break above 1.5860, should lead to a bullish continuation towards the 1.5920/40Thu, 02 Feb 2012 11:23:16 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-02-02.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-02-01.v03.htmlThe EUR/USD is again stalling around the 1.3200 level, although dollar is clearly bearish across the board and the 4 hours chart shows the bullish momentum of the pair intact. Having set a monthly high past week at 1.3233, and with a daily Fibonacci retracement at 1.3240, 38.2% retracement of the daily fall from 1.4246 to 1.2625: the pair needs to clear this area to extend gains towards 1.3280 first, and 1.3310 later today. A daily close above 1.3240 may open doors for a continuation towardsWed, 01 Feb 2012 16:39:47 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-02-01.v03.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-02-01.htmlOptimism is again leading the way with stocks around the world skyrocketing and dollar sinking against major rivals. Stronger among high yielders, and among the more sensitive to stocks movements, AUD could give more interesting opportunities today: the AUD/USD approaches to recent highs around 1.0685, where price has halted, and retraced several times among the last few days; indicators still head south as per not reflecting recent gains, yet price action and market mood suggest more upsideWed, 01 Feb 2012 10:47:29 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-02-01.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-31.v02.htmlWith an increasingly negative risk sentiment, dollar advances against major rivals along with yen, although Pound seems to be holding pretty well near the high set earlier today at 1.5795. In the 4 hours chart, the overall bias remains bullish according to indicators, with the 3 last candles unable to overcome mentioned high, and indicators losing momentum: a break below 1.5740 could lead to at least a short term squeeze towards 1.5680/90 area, that may extend near 1.5660 if the pair is unableTue, 31 Jan 2012 16:21:40 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-31.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-31.htmlThe EUR/USD is finding some favor this Tuesday, having tested and bounced from 1.3070 area yesterday, strong static support zone. Struggling around 1.3200, the pair is losing momentum in the 4 hours chart, after disappointing data early Europe, with German Retail sales and Italian employment decreasing. Still bullish as per trading above 20 SMA and with indicators in positive territory, pair needs to overcome 1.3240 static Fibonacci level to actually be able to resume the upside, and reachTue, 31 Jan 2012 10:32:41 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-31.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-30.htmlNot only the EUR/USD, but several major crosses had approach key support/resistance levels over this past 2 weeks of dollar slides. Not having been able to break trough, dollar is recovering ground steadily this Monday, following a negative bond auction in Italy and a slide in stocks across the world. The EUR/USD 4 hours chart shows price testing 20 SMA around 1.3100, while indicators head south still above their midlines. Pair has a strong static support zone in between 1.3070/80, so a breakMon, 30 Jan 2012 10:27:33 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-30.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-27.v02.htmlThe AUD/USD has spent most of these last 2 days consolidating recent gains, finding support in the 1.0590 level and with a high at 1.0685. Technical analysis shows in the 4 hours chart, a strongly bullish 20 SMA leading the way below current price, while indicators had turned slightly lower in overbought levels, far from offering selling signs.  The upside is still favored in the pair, with a break above 1.0685 mentioned high favoring an extension towards the 1.0720/30 area first, followedFri, 27 Jan 2012 16:50:04 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-27.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-27.htmlThe EUR/USD holds its bullish trend as returning to recent highs following a limited bearish corrective movement. 20 SMA presents a strong bullish slope below current price offering support around daily low of 1.3077, while indicators head north in the 4 hours chart. Above 1.3185, this month high, next target for the pair comes at the 1.3240 price zone, 38.2% retracement of the 1.4246/1.2625 bearish run. The downside seems now limited and losses below mentioned low are not seen. However, aFri, 27 Jan 2012 11:12:50 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-27.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-26.v02.htmlDollar selloff triggered by FED dovish stance past Wednesday extends today: the greenback is at multi-week lows against most of its rivals, with the GBP/USD struggling around the 1.5700 level. The  4 hours chart in the pair shows price printing higher highs while developing above moving averages, and at the same time momentum heads steadily north since the news. With immediate support at 1.5660, the pair is biased higher as long as above it. Break of 1.5725 resistance area, should lead toThu, 26 Jan 2012 10:44:59 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-26.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-25.v02.htmlAustralian dollar holds to its bullish trend against its American rival, despite stocks had been in red since the opening. In the 4 hours chart price develops below a still bullish 20 SMA, but indicators lost momentum and head south below their midlines. Trading in last days’ range, yesterdays’ low around 1.0430 is the support to break to trigger a bearish run towards 1.0370 where a daily ascendant trend line coming from 1.0144, this month low, will offer support. On contrary, a recovery aboveWed, 25 Jan 2012 16:44:24 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-25.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-25.htmlA worse than expected preliminary quarterly GDP, along with BoE minutes showing the global economic woes is a downside risk for the UK are weighting today on the Pound. The GBP/USD broke the base of the channel that was guiding the pair since past January 18th, falling as low as 1.5517, where 200 EMA halted the slide and triggered a strong bounce higher. The pair seems now to be completing a pullback to the mentioned channel around 1.5585, where price behavior will define next moves: if pricesWed, 25 Jan 2012 10:26:19 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-25.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-24.htmlMarket positive sentiment seen over the last days, is starting to give up, as negotiations in Greece show no outcome: the EU EcoFin, rejected the offer of Greek PSI reached with private bondholders late Monday. Stocks erased the last 2 days’ gains and are ready to extend their slide, with AUD/USD current 4 hours candle opening just below 20 SMA and indicators heading south still above their midlines. Price approaches to 1.0440 area, a short term ascendant trend line, also static support as perTue, 24 Jan 2012 11:04:33 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-24.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-23.v02.htmlThe bullish tone of the pair is finding support in the positive mood set by European stocks, reaching 1.3050 area by the time of writing. Well above 200 EMA in this 4 hours chart, and with indicators heading higher above their midlines, a break above 1.3080 strong static resistance zone, could trigger a strong bullish rally towards 1.3150, next strong level to watch. If reached, retracements should be expected towards 1.3100 price zone. The upward momentum will rule as long as price standsMon, 23 Jan 2012 16:27:05 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-23.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-23.htmlThe greenback holds to past day’s weakness, trading lower this European morning against major rivals. The GBP/USD has found support as expected on the 200 EMA in the 4 hours chart, bouncing up strongly from the level, as seen in the chart below. Indicators in the same time frame are in positive territory, with momentum lacking strength and RSI saturating above 70. With today’s high at 1.5557, a break above 1.5560 area should lead to a bullish continuation rally towards the 1.6610/20 area,Mon, 23 Jan 2012 10:11:54 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-23.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-20.htmlThe EUR/USD extended near 1.3000 as expected on previous updates, having been contained by 200 EMA in the 4 hours chart. Indicators in the same time frame remain bullish despite in overbought territory, while price reached a low at 1.2889 bouncing from the level back above 1.2900. The pair remains biased higher and if current bounce extends above 1.2945, price will probably retest daily highs. A break above 1.3000 and a weekly close there, will mostly signal more short term euro gains, withFri, 20 Jan 2012 10:50:12 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-20.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-19.v02.htmlEUR/USD recovery continues in the American afternoon, with the pair setting fresh daily highs at current 1.2935 area. Despite 4 hours indicators are near overbought levels, they still head north, supporting a bullish continuation rally towards 1.3000 area, 200 EMA in this 4 hours chart, and strong psychological level. A daily close above this zone, may signal a short term continuation to next strong resistance area at 1.3080 price zone. Downside is being limited in the short term by 1.2870Thu, 19 Jan 2012 17:02:36 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-19.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-19.htmlThe swissy continues advancing against the greenback, as positive market sentiment keeps dollar under selling pressure across the board. The USD/CHF in the 4 hours chart is breaking below the 200 EMA, after already breaking below a daily ascendant trend line, with  a strong bearish momentum despite in oversold levels. Biased to the downside and with no signs of aiming for a correction, accelerations below 0.9350 area will lead to a continuation rally towards the 0.9300 area, next strongThu, 19 Jan 2012 10:55:47 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-19.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-18.v03.htmlDespite the positive bias in the short term, the bullish future seems unlikely still for the common currency. News that more funds are coming from the troubled countries may have lifted market sentiment temporally yet in the long run, the movement has prove useless. Technically speaking, the pair holds the overall bearish trend, as today’s run was unable to overcome a daily descendant trend line coming from past December monthly high, currently around 1.2850. Above it, daily 20 SMA along withWed, 18 Jan 2012 16:32:43 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-18.v03.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-18.htmlMarket sentiment is strongly positive today, with stocks up after news the IMF is said to propose boosting its lending resources by $1 trln over next G20 meeting. Dollar is back on the negative path across the board, with GBP/USD around 1.5380, a daily descendant trend line coming from 1.5667, this month high. Indicators in the 4 hours chart are not yet reflecting recent gains, yet a break above the line, more clear once above 1.5410 yesterday’s high, will probably signal further gains aheadWed, 18 Jan 2012 10:36:18 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-18.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-17.v02.htmlDollar is strongly down across the board, as return of market volume had pushed stocks and commodities strongly up this Tuesday. News that CPI annual inflation in the UK stands at 4.2% in December 2011, down from 4.8% in November however, keep the upside limited: despite positive for the kingdom, the fact is that lower inflation means no rate hikes and more facilities possible if needed. The 4 hours chart, shows bullish momentum easing after early gains, with indicator turning flat just aboveTue, 17 Jan 2012 10:42:04 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-17.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-16.v02.htmlDespite thin volumes amid US holiday, the AUD holds a bullish tone against the USD, as stocks futures trade in green. In the 4 hours chart, current candle opened above 20 SMA while indicators barely head north above their midlines. Past Friday American session high at 1.0334 is the immediate level to overcome to confirm a bullish short term run in the pair, towards the 1.0380/90 price zone. Only below 1.0270 the pair will lose its bullish potential looking then for a dive towards 1.0200/20Mon, 16 Jan 2012 16:07:22 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-16.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-16.htmlMonday saw so far some limited bullish corrections over Asian session and early European morning, yet markets’  pessimism still weights on dollar favor: the GBP/USD has reached an intraday high of 1.5328, 10 pips shy of 4 hours 20 SMA, still strongly bearish. Technical picture shows RSI flat around 30, and momentum losing strength below its 100 line, also flat. The pair is biased lower, although still above 1.5280, daily low, from where a strong intraday bounce had been seen already. OnceMon, 16 Jan 2012 10:42:46 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-16.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-13.htmlThe common currency extended its gains over past Asian session, reaching 1.2877, testing the 50% retracement of the latest daily fall, yet is now back under selling pressure, breaking below 1.2820, 38.2% of the same rally, and approaching fast next support, 20 SMA in the 4 hours chart around 1.2760 key support for the upcoming hours. Indicators turned south still above their midlines, yet break below that level would likely signal a bearish run towards the 1.2690/1.2710 area. A candle openingFri, 13 Jan 2012 11:21:10 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-13.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-12.v02.htmlAfter all the ECB noise, the GBP/USD trades almost unchanged, showing in the 4 hours chart a strong lack of definition from investors, as per long shadows either side of the board in the latest candles. However, and according to this 4 hours chart, the upside remains pretty much limited: momentum gains bearish strength, while 20 SMA holds well above current price with a bearish slope. Market is in no mood for high yields. The pair has been finding support around 1.5310, so renewed sellingThu, 12 Jan 2012 16:41:45 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-12.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-12.htmlThe AUD/USD gains ground fast this Thursday, as market mood remains positive, with European stocks at fresh monthly highs and US futures strongly positive also. The pair trades above 1.0330, static support area, after a limited bearish correction over the first’s days of the week. Indicators head slightly north above their midlines, while price holds above 20 SMA, so technically, the pair is biased higher. Above 1.0380, expect the rally to extend near 1.0440 price zone is market sentimentThu, 12 Jan 2012 11:11:20 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-12.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-11.v02.htmlPound slide against the greenback has reached 1.5328 so far, 2 pips above past September monthly low, holding a strong bearish tone in the 4 hours chart that supports more falls in the pair: below 1.5320, next probable bearish target comes at 1.5270 October 2011 low, followed later by the 1.5220/30 price zone. Retracements so far, had been contained by the 1.5370 area which acts as immediate resistance for the pair. Breaks above it may lead to further corrections, yet price should stall nowWed, 11 Jan 2012 16:24:51 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-11.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-11.htmlThe common currency is coming under selling pressure this European morning, as news from the old continent disappoint again: German bond auction fell short of expectations, while Spanish industrial production fell the most in two years. In the UK, Trade Balance deficit widened more than expected, reaching -8.6B. European stocks are off daily highs still in green, yet it the negative sentiment continues, the EUR/USD will likely resume its bearish trend. Having been trading since early week, in aWed, 11 Jan 2012 11:11:19 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-11.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-10.v02.htmlDollar extreme readings reached past week against high yielders had been under correction over these past two days, with the GBP/USD approaching the 1.5500 area. The pair moves inside a short term ascendant channel, aiming to break the mentioned level, with 4 hours indicators still below their midlines although also attempting to break higher. The 50% retracement of latest fall around 1.5520, along with several intraday highs from past week, are the key resistance area to overcome, to confirm aTue, 10 Jan 2012 16:25:30 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-10.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-10.htmlThe dollar slide extends this Tuesday, as stocks market recover and run for safety is interrupted. The EUR/USD corrective movement reached 1.2800 area, right below 1.2820, 38.2% retracement of this January fall. 4 hours chart shows price above 20 SMA that holds a bearish slope, while indicators turned flat around their midlines, showing no strength right now. Only a clear break of mentioned Fibonacci level, can favor more gains today, with 1.2870 as probable target, 50% retracement of the sameTue, 10 Jan 2012 11:08:59 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-10.htmlhttp://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-09.v02.htmlThe Aussie resists dollar strength in a quiet American afternoon, where majors seem unable to set a clear direction either side of the board. The AUD/USD continues trading in between Fibonacci levels, holding a limited bullish tone in the 4 hours chart, as indicators head higher still far from their midlines, while price remains capped below 20 SMA around 1.0255, also strong Fibonacci area: once above this level, the bullish potential may be clearer with 1.0330 as probable target area. TheMon, 09 Jan 2012 16:09:30 GMThttp://www.fxstreet.com/technical/forex-strategy/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012-01-09.v02.html