USDJPY narrow trading range continues

Wed, Mar 17 2010, 14:44 GMT
by Tomas Cedavicius


AUDUSD - Bulls have managed to recover from support level by breaking resistance and reaching new highs. Look for buying options.

EURUSD - Concentration by resistance level is extended, possible rebound back to support is expected for now.

EURGBP - Bears have extended their prior negative movement. At the moment bulls side is in danger. Look for short term selling options for now.

NZDUSD - Bulls have climbed over the resistance barrier, look for buying options above 0.7130 price level.

USDCAD - Negative trend remains active, bears are in good shape and selling options stay below support barrier.