Daily Market Comment - 21 January 2008



EUR-USD
1.4615. N/A
USD-CHF
1.0996. While below 1.1014 or 1.1030 it could fall towards below 1.0965 or 1.0933. After which a corrective/consolidation activity is expected.
USD-JPY
106.64. There is bearish potential for a fall to 106.13 or 105.62 while 107.12 - 107.37 resist. After this fall a recovery up to 107.12 or 107.37 is expected.
GBP-USD
1.9543. Market should meet resistance at 1.9594. We expect then an extended move down to 1.9521 -1.9389 area.
EUR-CHF
1.6069. There is bearish potential for a fall to 1.6026 while 1.6103 - 1.6124 resist. After this fall a recovery up to 1.6124 or 1.6145 is expected.
EUR-JPY
155.87. There is bearish potential for a fall to 155.12 or 154.36 while 156.83 - 157.21 resist. After this fall a recovery up to 156.83 or 157.21 is expected.
EUR-GBP
0.7478. A corrective/consolidation activity between 0.7432 and 0.7542 is likely for a while.
AUD-USD
0.8801. It should be subject to more sell off towards 0.8717 or 0.8633. Corrective upward swings should face resistance around 0.8849 area. A break of 0.8903 is bullish.
USD-CAD
1.0274. Corrective dips should ideally halt near 1.0266 or 1.0246 for one more thrust upwards towards 1.0291 - 1.0315 area or 1.0356 in extention. Fall below 1.0225 puts it back on a downward path.


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