Forex daily market comments Friday August 17, 2007
Friday August 17, 2007
| 1.3426. It should test higher than 1.3462. Entry point are at 1.3393 and 1.3375. A break of 1.3324 is bearish. | |
| GBP-USD | 1.9829. It may meet resistance in 1.9829 - 1.983 zone for a drift down to 1.9827 zone, after which bounce to 1.9860 is anticipated. |
| USD-CHF | 1.2164. It looks more likely that it would rise to above 1.219 or 1.2208 from 1.2149 or 1.2126. After which a downside move to below 1.2089 is expected. |
| USD-JPY | 113.88. It is likely to attempt nearer support at 111.67 for extending further to below 109.47 while below 113.88 - 115.31 area. Rise above 116.41 would dampen this bearish expectation. |
| EUR-JPY | 152.88. It is likely to attempt nearer support at 149.68 for extending further to below 146.48 while below 152.88 - 154.82 area. Rise above 156.42 would dampen this bearish expectation. |
| EUR-GBP | 0.6770. It may attempt a test higher to 0.6774 after which weakness may set it to a drift down to below 0.6752 limit. |
| EUR-CHF | 1.6331. It should test 1.6344 area after which a sell off down to 1.6259 or extended to 1.6188 area is expected. |
| AUD-USD | 0.7912. It is likely to attempt nearer support at 0.7754 for extending further to below 0.7596 while below 0.7912 - 0.8057 area. Rise above 0.8136 would dampen this bearish expectation. |
| USD-CAD | 1.0762. While below 1.0718 or 1.0768 it could fall towards below 1.0573. Rise above 1.0816 could activate some bullish pattern. |
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