USDCHF rebound occured from resistance 1.0190, and bears are looking forward for support at 1.0064
Wed, Nov 18 2009, 08:19 GMT
by Tomas Cedavicius
- EURUSD Pennant consolidation formed near the low end of the trading range suggested a rebound back to resistance. For now bulls are looking forward for resistance.
- GBPUSD Low range is formed between support and resistance levels, for now long positions are still good options to look for.
- NZDUSD Bulls are successfully climbing towards resistance, however while resistance is valid – bulls movements are limited.
- USDCHF Another hit by resistance, and another rebound occurred which can initiate a movement back to support level.
- USDCAD After bulls attempt to breakout by resistance, bears stepped up and took this pair to lower area where bears are more confident.
- USDJPY Negative trend remains for this pair. Resistance stays as a reverse point, while this line holds – look for selling options.
