USDCAD consolidation is formed

Wed, Sep 8 2010, 07:19 GMT
by Tomas Cedavicius


AUDUSD - Resistance barrier holds bullish movement from further climbing, at the moment look for a short term rebound back to support level.

EURUSD - Neutral situation stays valid, look for selling opportunities below 1.2783 price level.

EURGBP - Another consolidation is formed after the plunge of support barrier. Waiting action holds with buying possibilities.

NZDUSD - Bears have declined the price, however positive strength is still valid. Look for more upswings while support level is valid.

USDCAD - Next movement is expected towards resistance. Neutral situation is active, however an extension of previous bullish rally is possible.