Daily Market Comment - 14 Desember 2007


Daily Market Comment

EUR-USD
1.4633. Downtrend is still intact.It should continue to fall to 1.4605 or 1.4561 if resistance at 1.4649 area doesnt break . Direct rise above 1.4649 could turn the picture bullish for a corrective up move to 1.4685 or even 1.4721 limit .
USD-CHF
1.1411. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.1449 or 1.1540 if support around 1.1387 hold. After which a pullback to 1.1387 - 1.1355 zone is possible.
USD-JPY
112.22. Uptrend is still intact in a triangle configuration. It should continue to rally to 112.65 or 113.06 if support around 112.02 hold. After which a pullback to 112.02 - 111.81 zone is possible.
GBP-USD
2.0414. Current upmove should continue up to 2.0485 or 2.0556. Any correction should find support in 2.0413 - 2.0378 zone.
EUR-CHF
1.6698. Current rise should end around 1.6687 or 1.6730. Objectives of this downmove are 1.6655 or 1.6612. A rise above 1.6762 is again bullish.
EUR-JPY
164.23. There are initial signs of a good corrective recovery towards 164.68 or even 165.03. Supports at 163.92 and 163.51 zone.
EUR-GBP
0.7168. Market should pop up towards 0.7202 or 0.7236 this bullish scenario would be damaged if 0.7154 - 0.7147 zone is broken, a severe break down could then occur.
AUD-USD
0.8760. It looks more likely that it would rise to 0.8840 from 0.8748 or 0.8707. After which a downside move is expected.
USD-CAD
1.0207. A corrective/consolidation activity between 1.0123 and 1.0292 is likely for a while.

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