Daily Market Comment - 28 November 2007



EUR-USD
1.4829. While above 1.4819 - 1.4789 zone a corrective dip could test 1.4849 or 1.4869 or 1.4888. After which it should resume his downtrend.
USD-CHF
1.1053. It should trade lower to 1.0982. Resistances are at 1.1062 and 1.1097. A break of 1.1134 is bullish.
USD-JPY
108.97. It should trade higher to 109.66 while 108.47 or 108.13 offers support. Stop loss below 107.78 zone.
GBP-USD
2.0686. It looks more likely that it would rise to above 2.0721 or 2.0748 from 2.0664 or 2.0633. After which a downside move to below 2.0579 is expected.
EUR-CHF
1.6391. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.6404 or 1.6476 if support around 1.6370 hold. After which a pullback to 1.6370 - 1.6349 zone is possible.
EUR-JPY
161.61. It should trade higher to 162.51 while 160.94 or 160.49 offers support. Stop loss below 160.04 zone.
EUR-GBP
0.7168. We prefer to see an attempt to below 0.7154 or below 0.7140 in extension. A clear break of 0.7182 is bullish.
AUD-USD
0.8775. Current upmove should be over between 0.8795 and 0.8758. A correction down to 0.8629 is anticipated. A break of 0.8831 is bullish.
USD-CAD
0.9964. Market looks set for gains towards 1.0037 or above in extension. Dips should find support at 0.9929 - 0.9893 zone.


Previous >

Sharp LCD HDTV | 40 Inch HDTV | Body Weight Loss | All Xbox games | SkullCandy Headphones | Sennheiser Headphones
Home Stereo System | GE Dishwasher | Serta Mattress | Frontline Plus Dogs | Lamb Shoes | Leather Jacket Women | Indonesia Vacations