Daily Market Comment - 24 Desember 2007


Daily Market Comment

EUR-USD
1.4358. N/A
USD-CHF
1.1566. It looks set for gains to above 1.1603. Supports at 1.1540 and 1.1559. A break of 1.1521 will damage this bullish structure.
USD-JPY
114.19. Market looks set for gains towards 114.61 or above in extension. Dips should find support at 113.78 - 113.57 zone.
GBP-USD
1.9822. It should be subject to more weakness towards 1.9790. After which a correction to above 1.9874 is anticipated. A break of 1.9758 is bearish.
EUR-CHF
1.6605. Any possible decline should be supported around 1.6584 - 1.6564 zone for rally to above 1.6652. A clear break of 1.6564 will damage this expected rally.
EUR-JPY
163.93. It should trade higher to 164.59 while 163.29 or 162.96 offers support. Stop loss below 162.62 zone.
EUR-GBP
0.7243. A correction down to 0.7220 folowed buy a mouve up to 0.7250 or 0.7261. A break above 0.7279 would accelerate this bullish move.
AUD-USD
0.8671. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.8713 or 0.8768 if support around 0.8649 hold. After which a pullback to 0.8649 - 0.8625 zone is possible.
USD-CAD
0.9926. Market should not go lower than 0.9883. After this move down it should go up to 0.9919 - 0.9953 area.

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