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AUDUSD possible breakout by support level at 0.8966

Tue, Nov 3 2009, 08:16 GMT
by Tomas Cedavicius

Investija.com


Investija.com

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  • EURUSD Despite the recent bouncing, bears are controlling the situation.
  • GBPUSD After sharp slide downside, bulls are trying to recover. Neutral zone is still valid, however under support level – bears are more confident.
  • NZDUSD Support level stays active, however with such bears strength this barrier can be broken today, further selling actions are better to take.
  • USDCHF Positive trend is valid, better chances are for bulls side while support line holds.
  • USDCAD This pair has formed low trading range close to resistance level. A break out of this box, can initiate further movement upside towards resistance.
  • USDJPY Low movements, bulls are trying for another attempt to recover the price, but not successful yet. Bears are keeping control in their hands.


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