Daily Market Comment - 23 January 2008



EUR-USD
1.4629. It looks set for gains to above 1.4728. Supports at 1.4497 and 1.4546. A break of 1.4448 will damage this bullish structure.
USD-CHF
1.0949. There is bearish potential for a fall to 1.0890 while 1.1007 - 1.1036 resist. After this fall a recovery up to 1.1036 or 1.1065 is expected.
USD-JPY
106.44. It should trade lower to 105.69 or 104.94 in extension while 106.37 - 106.75 offer resistance. A break of 107.12 will damage this bearish view
GBP-USD
1.9608. It looks set for gains to above 1.9714. Supports at 1.9473 and 1.9525. A break of 1.9420 will damage this bullish structure.
EUR-CHF
1.6019. It should trade higher to 1.6082 or above 1.6146 in extention. Supports at 1.5984 and 1.6016. Stop loss below 1.5952 zone
EUR-JPY
155.72. It looks set for gains to above 157.40. Supports at 153.92 and 154.76. A break of 153.08 will damage this bullish structure.
EUR-GBP
0.7460. Difficult to predict the next move. If first down it should hold 0.7429 or 0.7414 to 0.7491. If first up it should face resistance in 0.7468 - 0.7491 zone to 0.7414 zone
AUD-USD
0.8684. It should test 0.8818 area after which a sell off down to 0.8558 or extended to 0.8431 area is expected.
USD-CAD
1.0295. It should be subject to more sell off towards 1.0209 or 1.0124. Corrective upward swings should face resistance around 1.0299 area. A break of 1.0422 is bullish.


Sharp LCD HDTV | 40 Inch HDTV | Body Weight Loss | All Xbox games | SkullCandy Headphones | Sennheiser Headphones
Home Stereo System | GE Dishwasher | Serta Mattress | Frontline Plus Dogs | Lamb Shoes | Leather Jacket Women | Indonesia Vacations