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USDCAD low trading range is formed between Support and Resistane Levels

Thu, Nov 5 2009, 08:22 GMT
by Tomas Cedavicius

Investija.com


Investija.com

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  • EURUSD After strong bulls movement to the top side, concentration is created. At the moment waiting is better option.
  • GBPUSD This pair's potential to climb even higher is strong. Despite the previous fall, bulls are looking positive.
  • NZDUSD Low movements, neutral zone is valid for this pair. Waiting with selling option is better choice.
  • USDCHF No direction is formed during the last week, support level stays as a strong barrier for bears side. This breach by support can influence bulls to surrender for a while.
  • USDCAD Recently a fall downside was extended, however bulls are going for another attempt to recover the price. At the moment situation is controlled by bulls.
  • USDJPY Concentration in new low suggested the likelihood of a current downside movement continuation.


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