Daily Market Comment - 21 Desember 2007


Daily Market Comment

EUR-USD
1.4329. Current fall is near an end of wave around 1.4279 - 1.4286 zone, a rally should then procede to above 1.4360 or 1.4377. Fall below 1.4262 would cancel this scenario.
USD-CHF
1.1582. Current rise should end around 1.1572 or 1.1602. Objectives of this downmove are 1.1553 or 1.1523. A rise above 1.1621 is again bullish.
USD-JPY
113.14. Market should hold major support at 112.70 before rising towards 113.44 or even 113.75 limit.
GBP-USD
1.9839. It may meet resistance in 1.9839 - 1.9878 zone for a drift down to 1.9722 zone, after which bounce to 1.9912 is anticipated.
EUR-CHF
1.6596. It is likely to fall towards 1.6574 as its corrective rally could falter in 1.6608 - 1.6597 area. Stop above 1.6618 zone.
EUR-JPY
162.11. It is likely to attempt nearer support at 161.53 for extending further to below 160.96 while below 162.11 - 162.62 area. Rise above 162.90 would dampen this bearish expectation.
EUR-GBP
0.7222. One move lower to 0.7198 or 0.7173 is anticipated while below 0.7231 - 0.7243 area. Stop loss above 0.7263 zone.
AUD-USD
0.8591. It should trade higher to 0.8607 or above 0.8623 in extention. Supports at 0.8580 and 0.8588. Stop loss below 0.8572 zone
USD-CAD
1.0014. Market should hold major support at 0.9952 before rising towards 1.0057 or even 1.0101 limit.

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