Forex daily comments for September 12, 2007
| Resistance is anticipated at 1.3859 - 1.3865 levels. Then a pull back down and below 1.3795 can take place. A break above 1.3892 will cancel this bearish expectation. | |
| GBP-USD | Support levels are at 2.0301 - 2.0284 levels. The bullish tendency should continue, target - 2.0369. |
| USD-CHF | Support levels are at 1.1876 and 1.1864. Buyers are in charge with a target at 1.1913. A violation and break of 1.1851 would affect buyers confidence. |
| USD-JPY | And upmove would face the end at 114.45 - .64 zone, followed by a pullback down and below 113.65. A break up and above 115.00 will abort the correction. |
| EUR-JPY | The upmove should come to an end around 158.17, if not, then at 158.79. A correction down towards 157.55 -.23 is expected then. |
| EUR-GBP | Support levels are at 0.6796 - .6786 zone, resuming previous up-move towards 0.6828. A fall below 0.6786 would cancel those expectations. |
| EUR-CHF | The uptrend should end around 1.6455, if not then - 1.6488 level. A pullback to 1.6422 - 1.6405 zone is expected then. |
| AUD-USD | Observing market congestion between 0.8274 - 0.8420 levels for some time now. |
| USD-CAD | The price should find support around 1.0374 level. Once sustained, the price should go up towards 1.0418 - 1.0456 levels. |
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