Daily Market Comment - 06 Desember 2007


Daily Market Comment

EUR-USD
1.4611. There is bearish potential for a fall to 1.4545 while 1.4658 - 1.4691 resist. After this fall a recovery up to 1.4691 or 1.4723 is expected.
USD-CHF
1.1274. It should trade lower to 1.1190. Resistances are at 1.1281 and 1.1323. A break of 1.1379 is bullish.
USD-JPY
110.89. It should trade higher to 111.33 while 110.52 or 110.30 offers support. Stop loss below 110.08 zone.
GBP-USD
2.0263. Market should not go lower than 2.0112. After this move down it should go up to 2.0255 - 2.0373 area.
EUR-CHF
1.6475. One more dip to 1.6446 is likely followed by a grind higher to above 1.6496. After which it can resume his downtrend.
EUR-JPY
162.02. Current move should be supported in 161.75 zone for a rise to above 163.77. A break below 160.61 opens the way down.
EUR-GBP
0.7209. One move lower to 0.717 or 0.713 is anticipated while below 0.7224 - 0.7244 area. Stop loss above 0.7278 zone.
AUD-USD
0.8700. It may meet resistance in 0.8700 - 0.8702 zone for a drift down to 0.8693 zone, after which bounce to 0.8723 is anticipated.
USD-CAD
1.0116. Should test support at 1.0064 while below 1.0116. If support at 1.0064 holds it can rise up to1.0192, if not it should fall to below 1.0011 zone.


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