Daily Market Comment - 05 Desember 2007

Daily Market Comment

EUR-USD
1.4758. Current rise seems to be over near 1.4763 or 1.4805 for a retracement towards 1.4720 - 1.4697 area.
USD-CHF
1.1167. Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.1137 or 1.1112. Major support is clustered around 1.1021 limit.
USD-JPY
109.87. It may meet resistance in 109.87 - 109.99 zone for a drift down to below 109.01 zone.
GBP-USD
2.0591. While below 2.0576 - 2.0608 it might drop to 2.0543 or below 2.0494 zone.
EUR-CHF
1.6482. Market should meet resistance at 1.6507. We expect then an extended move down to 1.6466 -1.6406 area.
EUR-JPY
162.15. Market should hold major support at 160.92 before rising towards 162.70 or even 163.24 limit.
EUR-GBP
0.7167. Current rise seems to be over near 0.7173 or 0.7200 for a retracement towards 0.7146 - 0.7129 area.
AUD-USD
0.8737. It is likely to attempt nearer support at 0.8694 for extending further to below 0.8651 while below 0.8737 - 0.8775 area. Rise above 0.8796 would dampen this bearish expectation.
USD-CAD
1.0105. Current upmove should be ended around 1.0176 - 1.0248. Any correction consolidation should find support in 1.0083 - 1.0047 zone.


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