USDCHF prices are bouncing between support and resistance levels
Fri, Oct 2 2009, 06:34 GMT
by Tomas Cedavicius
- EURUSD This pair is looking downside. While bears remains under 1.4655 bulls are in danger zone.
- GBPUSD Very boring situation, neutral zone is reached and waiting is better option.
- NZDUSD For short term traders this pair is great, bouncing up and down. No direction is set yet.
- USDCHF This pair stays positive, however bulls still are not confident about their place. Bears should slowly enter the market and make the trend reversal.
- USDCAD Very sharp movement upside didn't change this pairs position – neutral. At the moment there is no trend. Further bouncing back and forwards is expected.
- USDJPY Remains negative, slowly but in stable way this pair is moving downside. However support level stands as very strong barrier for bears.
