USDCAD bears under the 1.0660 price level are more confident
Wed, Nov 4 2009, 08:19 GMT
by Tomas Cedavicius
- EURUSD Low movements are formed to the top side, however negative trend is still valid and bears position stands better than bulls.
- GBPUSD Despite the jumping back and forwards, this pair is still in boring state. However above 1.6575 price level, bulls will get back their lost confidence.
- NZDUSD Bulls recovery is not strong enough to chance the direction for this pair. Selling options still remain.
- USDCHF After sharp movements to the top side, a rebound occurred towards support level. For now, buying options should be done with a care.
- USDCAD Despite the strong fall to the bottom, bulls are still controlling the situation. However buying options are risky to take for now.
- USDJPY Selling options are still good to look for, but short position should be done with a care according to the recent bulls upside movement.
