Daily Market Comment - 04 Desember 2007

EUR-USD
1.4667. It may attempt a test higher to 1.4688 after which weakness may set it to a drift down to below 1.4622 limit.
USD-CHF
1.1273. There are initial signs of a good corrective recovery towards 1.1292 or even 1.1305. Supports at 1.1262 and 1.1246 zone.
USD-JPY
110.46. Current move should be supported in 110.30 zone for a rise to above 111.41. A break below 109.65 opens the way down.
GBP-USD
2.0658. It should trade lower to 2.0467. Resistances are at 2.0621 and 2.0669. A break of 2.0716 is bullish.confirmed by a close above 2.0770 limit.
EUR-CHF
1.6534. Decline should be supported around 1.6508 - 1.6483 zone for rally to above 1.6599. A clear break of 1.6483 will damage this expected rally.
EUR-JPY
162.01. One more dip to 161.38 is likely followed by a grind higher to above 162.38. After which it can resume his downtrend.
EUR-GBP
0.7099. It should see a sell off to below 0.7080 while 0.7108 area curtails its upside. A break beyond 0.7128 will abort the downside.
AUD-USD
0.8807. There is bearish potential for a fall to 0.8777 or 0.8747 while 0.8831 - 0.8846 resist. After this fall a recovery up to 0.8831 or 0.8846 is expected.
USD-CAD
0.9992. While below 1.0003 or 1.0017 it could fall towards below 0.9965 or 0.9937. After which a corrective/consolidation activity is expected.

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