USDJPY low trading range is extended

Tue, Mar 2 2010, 08:54 GMT
by Tomas Cedavicius


AUDUSD - Rebound to resistance area implied by the concentration of prior relative highs. Waiting action remains.

EURUSD - Support level' strength suggested a possible rebound back to resistance. At the moment, short term downswings are expected.

EURGBP - Low movements, but bulls are moving in stable shape towards new highs. However, in order to extend current positive trend – resistance barrier needs to be broken.

NZDUSD - Narrow trading range is continued. Flag consolidation near support is expected.