Thursday, May 3, 2012

Dax and technicals 3.5.2012

A few technical points.

Dax has been struggling above and below 6750 which has proven to be important support/resistance. Let's see if Dax will go down to 6621 or up near 7000. The indicators have previously trying to point a short term top. 

For a bigger downtrend we might want to see eur/usd breaking above 1.31.

...even riskier aud/jpy is already making lower lows. So, be careful.