Daily Market Comment - 20 November 2007



EUR-USD
1.4665. Current rise should end around 1.4658 or 1.4694. Objectives of this downmove are 1.4628 or 1.4592. A rise above 1.4724 is again bullish.
USD-CHF
1.1151. It should be subject to more weakness towards 1.1134. After which a correction to above 1.1185 is anticipated. A break of 1.1117 is bearish.
USD-JPY
109.77. There is bearish potential for a fall to 109.32 or 108.88 while 110.42 - 110.64 resist. After this fall a recovery up to 110.42 or 110.64 is expected.
GBP-USD
2.0503. It looks more likely that it would rise to above 2.0534 or 2.0561 from 2.0478 or 2.0448. After which a downside move to below 2.0394 is expected.
EUR-CHF
1.6355. It should be subject to more weakness towards 1.6336. After which a correction to above 1.6387 is anticipated. A break of 1.6318 is bearish.
EUR-JPY
160.98. While below 160.94 - 161.65 it might drop to 160.22 or below 159.46 zone.
EUR-GBP
0.7152. Current upmove should be over between0.7158 and 0.7147. A correction down to 0.7109 is anticipated. A break of 0.7169 is bullish.
AUD-USD
0.8840. It is a triangle configuration. Market should break either side. Acceleration should occur above 0.8996 or under 0.8828 limits.
USD-CAD
0.9838. It should be subject to more sell off towards 0.9745 or 0.9653. Corrective upward swings should face resistance around 0.9959 area. A break of 0.9917 is bullish.


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