Month: May 2010

USDCAD Analysis. USDCAD moved sideways in a range between 0.9930 and 1.0215. The price action in the range is treated as consolidation of longer term downtrend from 1.0779 (Feb 5 high). As long as 1.0302 key resistance...

AUDUSD Analysis. AUDUSD’s bounce from 0.9134 extended to 0.9325 only and the subsequent fall suggests lengthier consolidation of uptrend from 0.8577 (Feb 5 low) is underway. Sideways movement in a range between 0.9134 and 0.9381 would more...