AUDUSD low trading range is extended

Tue, Mar 16 2010, 08:47 GMT
by Tomas Cedavicius


AUDUSD - Low trading range is extended further. While support and resistance levels hold – more jumping up and down is expected. Below support barrier, bulls side is in danger.

EURUSD - Bears side is heading towards support barrier, waiting action is better option for now in order to confirm a possible breakout near support level.

EURGBP - Despite the extreme spike high, resistance barrier remains active which holds bulls movement. At the moment waiting action holds.

NZDUSD - Another hit and test of resistance level. However bulls can't manage to breakout by this barrier. Rebound back to support is possible for now.

USDCAD - Flag pattern formed after downswing, next price swing is expected also on downside.