Friday, July 2, 2010

USDCAD more upswings are expected

AUDUSD - Bulls have formed positive channel between support and resistance barriers, despite this action, bears are controlling the situation while resistance barrier is active.

EURUSD - Bulls initiated strong positive rally after a breakout at resistance level, at the moment waiting action holds. Positive trend is initiated.

EURGBP - Low narrow trading range is formed near resistance, a rebound back to support is expected for now.

NZDUSD - Bulls have reached resistance barrier, however, negative trend is valid. Look for short term downswings towards support level.

USDCAD - Bulls trying to gain more strength, another breakout at resistance can bring this pair to new highs. Waiting action holds to confirm a breakout at resistance.

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