forex market comments

NZDUSD extended their narrow trading range between 0.7210 and 0.7242 barriers, further bouncing is expected. (1 hour chart)

USDCAD new consolidation is formed in lower trading range near 1.0376 support barrier, below this level look for more selling options. (1 hour chart)

AUDJPY trying to rebound from a resistance barrier at 76.83 back to 76.22 support barrier. (1 hour chart)

USDJPY currency pair bears did decline the price lately, however at the moment positive movement is expected towards 85.90 price level. (1 hour chart)

AUDJPY it looks like is trying to breakout at 75.30 price barrier, look for buying options above this level. (1 hour chart)

USDCHF bears extended their negative trend further downside. At the moment, low trading range is formed. Waiting action holds with selling possibilities. (1 hour chart)

USDJPY bears declined the price, despite this action bulls are looking forward to recover back to 85.20 price barrier. Look for short term buying options. (1 hour chart)

USDCAD bulls are climbing with high potential, while bulls remain active above 1.0547 price level, look for buying options. (1 hour chart)

EURUSD bears controlling the situation, at the moment look for selling options. (1 hour chart)

USDCAD despite the previous jumps, bears have declined the price, at the moment bulls looking forward to recover the price back 1.0370 price level. (1 hour chart)

GBPUSD has formed low consolidation for now, look for short term buying options. Just above 1.5983 price level, bulls can expect stronger movements. (1 hour chart)

GBPUSD it looks like bulls are missing some confidence, waiting action is better option to confirm bullish movement. (1 hour chart)