USDCAD low trading range is formed between Support and Resistane Levels
Thu, Nov 5 2009, 08:22 GMT
by Tomas Cedavicius
- 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.
