Daily Market Comment - 28 Desember 2007



Daily Market Comment

EUR-USD
1.4626. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.4721 or 1.4748 if support around 1.4578 hold. After which a pullback to 1.4578 - 1.4548 zone is possible.
USD-CHF
1.1391. Market should not go lower than 1.1300. After this move down it should go up to 1.1383 - 1.1430 area.
USD-JPY
113.73. There is bearish potential for a fall to 113.31 or 112.90 while 114.20 - 114.40 resist. After this fall a recovery up to 114.20 or 114.40 is expected.
GBP-USD
1.9960. Uptrend is still intact in a triangle configuration. It should continue to rally to 2.0027 or 2.0058 if support around 1.9917 hold. After which a pullback to 1.9917 - 1.9893 zone is possible.
EUR-CHF
1.6661. It is likely to fall towards 1.6619 unless a corrective rally breaks the 1.6674 resistance. Stop above 1.6684 zone.
EUR-JPY
166.37. One move lower to 165.61 or 164.86 is anticipated while below 166.52 - 166.89 area. Stop loss above 167.42 zone.
EUR-GBP
0.7327. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.7342 or 0.7378 if support around 0.7316 hold. After which a pullback to 0.7316 - 0.7303 zone is possible.
AUD-USD
0.8779. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.8796 or 0.8842 if support around 0.8761 hold. After which a pullback to 0.8761 - 0.8745 zone is possible.
USD-CAD
0.9800. Downtrend is still intact.It should continue to fall to 0.9793 or 0.9772 if resistance at 0.9813 area doesnt break . Direct rise above 0.9813 could turn the picture bullish for a corrective up move to 0.9827 or even 0.9841 limit .

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