Forex daily comments September 11, 2007
Tuesday September 11, 2007
| Uptrend is expected to end near 1.3795 or 1.3823 price level. Rising above 1.3845 will be bullish. | |
| GBP-USD | The price may find support around 2.025 - 2.0222 levels, if so, the rally above 2.0358 will be expected. A break through 2.0222 will cancel this expectation. |
| USD-CHF | The price should go higher than 1.1883. Entry points would be at 1.1853 and/or 1.1844. Breaking through 1.1823 will suggest a bearish pattern. |
| USD-JPY | Currently waiting for the price to test lower than 112.04. Selling at 113.86 and/or 114.27. Stops would be above 114.27 level. |
| EUR-JPY | The 158.36 area should be tested after which is going to be a sell off down to around 155.63 or extended sell off towards 154.29 level. |
| EUR-GBP | Strong resistance is expected at 0.6799 - 0.6816 levels. A bullish pattern would be confirmed with a rise above 0.6825 level. |
| EUR-CHF | Expecting a resistance at 1.6400 level then a sell off down towards 1.6341 or further to 1.6306 levels is expected. |
| AUD-USD | The main support is at 0.8159, once tested the price should rise towards 0.8296 or even 0.8335 level. |
| USD-CAD | Correction towards 1.0556 or 1.0568 is expected. Support levels are at 1.0519 and 1.0494 areas. |
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