USDJPY formed double top shape
Thu, Mar 11 2010, 15:11 GMT
by Tomas Cedavicius
AUDUSD - Bears did decline the price near resistance level, however bulls are in safer place above support level. Positive trend remains active.
EURUSD - Support and resistance levels formed a low trading range, look for short term selling options below support.
EURGBP - Bears sharp spike downside showed first signs of bearish strength. Another sharp slide can initiate a major trend reversal. In order to recover bulls position, price needs to jump above resistance level.
NZDUSD - Bulls are in danger below support barrier. Bears are testing 0.6965 price level which holds bulls side from loosing their control of situation. Waiting action holds.
USDCAD - Despite the sharp movement to the top side, bears are in good shape. Look for selling options below support level.
