USDCAD tests Resistance Level at 1.0726
Wed, Sep 23 2009, 13:47 GMT
by Tomas Cedavicius
- EURUSD This pair remains still positive, but it looks like bulls are struggling to reach new highs. Candles formed near the bottom can provide a sign of possible trend reversal. Support line is going to be tested today.
- GBPUSD Bulls still holds the strength for this pair. Buying is initiated above support level. A flag consolidation formed in new high ground can lead to a short term upswing.
- NZDUSD Slowly looks like bulls are retreating, but while support level stays – bulls can cope with bears movements.
- USDCHF This pair hardly moved today apart of big bears and bulls candles. Negative still remains for this pair. Low range trading and bouncing is expected. Erratic can act important role.
- USDCAD This pair is heading towards resistance like it was stated before. Neutral position of this pair tells us to wait for better opportunities.
- USDJPY Looks like bulls didn't let bears to break previous support level at 90.57 where bulls formed another support at 90.68. Sharp moves and a flag suggests that an upside reversal had occurred.
