USDCAD potential breach near support is expected
Fri, Mar 12 2010, 08:11 GMT
by Tomas Cedavicius
AUDUSD - Candles are trapped between support and resistance barriers, while these levels hold further bouncing is expected. According to the current positive trend, bulls have more potential to break resistance barrier.
EURUSD - Even though bulls did breakout by resistance level, however bears declined the price and concentrated by resistance. Bulls still have more chances to recover.
EURGBP - Sharp spike to the top side suggests a probable continuation of previous negative movement.
NZDUSD - Significant resistance barrier still holds at 0.7013 price level, bulls movement is limited while this level stays active.
USDCAD - A breakout by support level can initiate an extension of current negative trend. Look for possible confirmation of potential breach near support.
