NZDUSD trying to breakout by resistance level

Tue, Mar 16 2010, 14:49 GMT
by Tomas Cedavicius


AUDUSD - While support level stays active, bulls are in safer area. However, at the moment waiting action is better option in order to confirm bulls strength.

EURUSD - Bulls did manage to recover and are heading towards resistance barrier. Short term upswings expected.

EURGBP - Look for short term selling actions after a breakout of support barrier. Waiting option remains for now.

NZDUSD - According to the previous positive movement, bulls have enough strength to overcome bears and climb above resistance level at 0.7056. Waiting action holds for now to confirm a breakout.

USDCAD - Selling options are on table below support barrier. Bears have strong potential to extend their current negative movement.