GBPUSD reached resistance barrier
Mon, Mar 8 2010, 08:50 GMT
by Tomas Cedavicius
AUDUSD - Bulls have extended their current positive movement, look for buying options above resistance level but it should be done with a care.
EURUSD - After low trading range, bulls have initiated strong movement towards new highs. However, neutral situation still holds. Short term downswings are expected now.
EURGBP - Boring movement, however below support level bears can get more confidence and stronger activity is possible. Waiting action remains for now. At the moment, bulls are safe above support barrier.
NZDUSD - Bulls are trying to breakout by resistance barrier, waiting for a confirmation now.
USDCAD - Bears are looking forward to extend their current negative trend further downside. Waiting action remains in order to confirm a possible breakout.







