AUDUSD possible breakout by support level at 0.8966
Tue, Nov 3 2009, 08:16 GMT
by Tomas Cedavicius
- 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.
