Daily Market Comment - 19 Desember 2007


Daily Market Comment

EUR-USD
1.4414. It should trade higher to 1.4444 or above 1.4474 in extention. Supports at 1.4390 and 1.4405. Stop loss below 1.4375 zone
USD-CHF
1.1518. It should trade lower to 1.1489. Resistances are at 1.1527 and 1.1541. A break of 1.1534 is bullish.
USD-JPY
113.40. Corrective dips should ideally halt near 113.22 or 113.07 for one more thrust upwards towards 113.47 - 113.71 area or 114.01 in extention. Fall below 112.92 puts it back on a downward path.
GBP-USD
2.0145. Market should pop up towards 2.0210 or 2.0276 this bullish scenario would be damaged if 2.0133 - 2.0095 zone is broken, a severe break down could then occur.
EUR-CHF
1.6601. It should be subject to more sell off towards 1.6561 or 1.6521. Corrective upward swings should face resistance around 1.6646 area. A break of 1.6639 is bullish.
EUR-JPY
163.45. It looks set for gains to above 163.92. Supports at 162.93 and 163.16. A break of 162.69 will damage this bullish structure.
EUR-GBP
0.7155. It should trade higher to 0.717 while 0.7144 or 0.7137 offers support. Stop loss below 0.7129 zone.
AUD-USD
0.8604. A corrective/consolidation activity between 0.8557 and 0.8691 is likely for a while.
USD-CAD
1.0058. It should see a sell off to below 0.9999 while 1.0071 area curtails its upside. A break beyond 1.0131 will abort the downside.

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