Wednesday, June 23, 2010

Forex Daily Analysis

AUDUSD - Support level still holds bullish side in better position, however – look for short term selling options just below support level.

EURUSD - Narrow trading range is formed, a breakout at resistance barrier is expected.

EURGBP - Concentration of bulls and bears movements are extended, boring situation. Waiting action is better option.

NZDUSD - No major turnarounds didn't occur, bulls remain confident above support barrier. Look for more buying options above resistance.

USDCAD - Resistance and support levels did form the wide trading range – when a breakout is confirmed at resistance look for buying opportunities.

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