Daily Market Comment - 01 February 2008

EUR-USD
1.4860. The current upmove should continue up to 1.4887 or 1.4915, any correction should find support in 1.4832 or 1.4804. A fall below 1.4748 could turn it bearish.
USD-CHF
1.0814. Market should hold major support at 1.0709 before rising towards 1.0863 or even 1.0913 limit.
USD-JPY
106.43. It may attempt a test higher to 106.66 after which weakness may set it to a drift down to below 105.80 limit.
GBP-USD
1.9872. While below 1.9881 - 1.9909 it might drop to 1.9815 or below 1.9759 zone.
EUR-CHF
1.6071. Market should hold major support at 1.5980 before rising towards 1.6118 or even 1.6164 limit.
EUR-JPY
158.18. It may attempt a test higher to 158.45 after which weakness may set it to a drift down to below 157.01 limit.
EUR-GBP
0.7477. Current upmove should be ended around 0.7498 - 0.7519. Any correction consolidation should find support in 0.7472 - 0.7462 zone.
AUD-USD
0.8956. Corrective dips should ideally halt near 0.8919 or 0.8888 for one more thrust upwards towards 0.8969 - 0.9019 area or 0.9081 in extention. Fall below 0.8857 puts it back on a downward path.
USD-CAD
1.0029. Current upmove should continue up to 1.0102 or 1.0175. Any correction should find support in 1.0014 - 0.9978 zone.


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