Daily Market Comment - 10 Desember 2007


Daily Market Comment

EUR-USD
1.4654. Current upmove should be over between1.4663 and 1.4641. A correction down to 1.4569 is anticipated. A break of 1.4684 is bullish.
USD-CHF
1.1285. Our preferred outlook is for a drift down to 1.1264 or below 1.1242. Resistances are at 1.1285 and 1.1298. A rise above 1.1320 would delay but not abort this expected fall.
USD-JPY
111.70. Currently uptrend should end around 112.03 - 111.93 area. A correction down to below 111.31 is expected. A rise above 112.17 will abort the expected correction.
GBP-USD
2.0316. It should trade higher to 2.0368 while 2.0294 or 2.0269 offers support. Stop loss below 2.0243 zone.
EUR-CHF
1.6538. Decline should be supported around 1.6519 - 1.6500 zone for rally to above 1.6590. A clear break of 1.6500 will damage this expected rally.
EUR-JPY
163.69. Currently uptrend should end around 164.17 - 164.27 area. A correction down to below 162.73 is expected. A rise above 164.85 will abort the expected correction.
EUR-GBP
0.7213. N/A
AUD-USD
0.8772. There are initial signs of a good corrective recovery towards 0.8799 or even 0.8818. Supports at 0.8757 and 0.8733 zone.
USD-CAD
1.0053. Downtrend is still intact.It should continue to fall to 1.0030 or 0.9990 if resistance at 1.0070 area doesnt break . Direct rise above 1.0070 could turn the picture bullish for a corrective up move to 1.0102 or even 1.0133 limit.

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