Daily Market Comment - 03 Desember 2007

EUR-USD
1.4630. Market should not go lower than 1.4567. After this move down it should go up to 1.4630 - 1.4681 area.
USD-CHF
1.1325. N/A
USD-JPY
111.11. Uptrend is still intact in a triangle configuration. It should continue to rally to 111.27 or 112.23 if support around 110.66 hold. After which a pullback to 110.66 - 110.38 zone is possible.
GBP-USD
2.0560. It should see a sell off to below 2.0496 while 2.0598 area curtails its upside. A break beyond 2.0662 will abort the downside.
EUR-CHF
1.6568. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.6610 or 1.6652 if support around 1.6545 hold. After which a pullback to 1.6545 - 1.6524 zone is possible.
EUR-JPY
162.57. While below 162.76 - 163.22 it might drop to 161.65 or below 160.74 zone.
EUR-GBP
0.7116. There is bearish potential for a fall to 0.7096 or 0.7076 while 0.7140 - 0.7150 resist. After this fall a recovery up to 0.7140 or 0.7150 is expected.
AUD-USD
0.8832. There is bearish potential for a fall to below 0.8757. Dips could be help around 0.8820 - 0.8845. Rise above 0.8864 could weaken this bearish view.
USD-CAD
1.0000. Currently uptrend should end around 1.0050 - 1.0038 area. A correction down to below 0.9942 is expected. A rise above 1.0077 will abort the expected correction.


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