Daily Market Comment - 29 November 2007



EUR-USD
1.4841. It should test 1.4952 area after which a sell off down to 1.4749 or extended to 1.4657 area is expected.
USD-CHF
1.1109. Resistances lie around 1.1152 and 1.1269. It should test lower towards 1.1035 zone. A clear break of 1.1091 would be bearish.
USD-JPY
110.02. Uptrend is still intact in a triangle configuration. It should continue to rally to 111.16 or 111.81 if support around 109.59 hold. After which a pullback to 109.59 - 109.14 zone is possible.
GBP-USD
2.0823. Market looks set for gains towards 2.0910 or above in extension. Dips should find support at 2.0746 - 2.0703 zone.
EUR-CHF
1.6487. Current upmove should be ended around 1.6543 - 1.6600. Any correction consolidation should find support in 1.6458 - 1.6430 zone.
EUR-JPY
163.29. Current rise seems to be over near 163.44 or 164.51 for a retracement towards 162.37 - 161.76 area.
EUR-GBP
0.7127. Overall structure is bearish. Decelerating momentum could attract it towards supports at 0.7113 or 0.7106. Major support is clustered around 0.7078 limit.
AUD-USD
0.8897. Current rise seems to be over near 0.8909 or 0.8972 for a retracement towards 0.8845 - 0.8808 area.
USD-CAD
0.9855. Bullish reaction to above 0.9955 is anticipated from 0.9850 - 0.9855 zone. Stop loss below 0.9744 zone.



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