USDCAD bears are controlling the situation, short term downswings are expected
Thu, Dec 24 2009, 08:38 GMT
by Tomas Cedavicius
- EURUSD Bulls showed first signs of recovery. Despite this action, bears are controlling the situation while resistance level is valid.
- GBPUSD Concentration near support level initiated bulls movement towards resistance barrier. However, waiting action is better to take now.
- NZDUSD While resistance level holds, bears confidence can initiate another strong downtrend movement. Selling options are on a table.
- USDCHF Bulls can't find enough strength in order to recover after bearish sharp slides downside. Waiting action remains with short term downswings.
- USDCAD While candles remain below support level at 1.0550, bears are in control. Despite this situation, waiting action is better to take.
- USDJPY It looks like bulls couldn't manage to breakout by resistance level, this action can initiate a rebound back to support level.
