AUDUSD suggests the likelihood of another upswing

Thu, Mar 11 2010, 08:46 GMT
by Tomas Cedavicius


AUDUSD - Flag consolidation in an uptrend can suggest the likelihood of another upswing.

EURUSD - Concentration continues further near resistance. Possible rebound back to support level while resistance barrier holds.

EURGBP - Narrow consolidation formed after steep price upside movement. Probable continuation of uptrend.

NZDUSD - Wide trading range continues. Below support level look for a major trend reversal. Bulls are in danger under support barrier.

USDCAD - Low trading range continues, boring situation stays. Just above resistance and below support stronger activity can be expected.