Daily Market Comment - 27 Desember 2007


Daily Market Comment

EUR-USD
1.4489. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.4527 or 1.4576 if support around 1.4462 hold. After which a pullback to 1.4462 - 1.4440 zone is possible.
USD-CHF
1.1515. Market should meet resistance at 1.1532. We expect then an extended move down to 1.1488 -1.1463 area.
USD-JPY
114.34. It looks set for gains to above 114.51. Supports at 114.13 and 114.22. A break of 114.04 will damage this bullish structure.
GBP-USD
1.9838. Current rise seems to be over near 1.9844 or 1.9869 for a retracement towards 1.9818 - 1.9803 area.
EUR-CHF
1.6682. It should trade lower to 1.6629. Resistances are at 1.6671 and 1.6685. A break of 1.6698 is bullish.confirmed by a close above 1.6714 limit.
EUR-JPY
165.66. Uptrend is still intact in a triangle configuration. It should continue to rally to 165.75 or 166.8 if support around 165.15 hold. After which a pullback to 165.15 - 164.87 zone is possible.
EUR-GBP
0.7304. Currently uptrend should end around 0.7317 - 0.7321 area. A correction down to below 0.7279 is expected. A rise above 0.7339 will abort the expected correction.
AUD-USD
0.8740. It should trade lower to 0.8681. Resistances are at 0.8728 and 0.8743. A break of 0.8757 is bullish.confirmed by a close above 0.8777 limit.
USD-CAD
0.9816. It should register gains to 0.9842. Corrective decline should be supported in 0.9810 - 0.9790 area. Stop Loss below 0.9765 zone.

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