Forex daily market comments September 10, 2007
Monday September 10, 2007
| 1.3768. Uptrend. It should continue to rise towards 1.3826 or even 1.3878 presuming that support at 1.3743 will hold. | |
| GBP-USD | 2.0285. For now it is more likely to turn into consolidation activity between 2.0189 and 2.0369 for a while. |
| USD-CHF | 1.1886. The price should not go lower than 1.1814. After falling down it should go up to 1.1874 - 1.1925 area. |
| USD-JPY | 113.41. The market is bearish. Decelerating momentum could attract it towards supports at 112.81 or 112.48. Main support zone is going to be around 111.46. |
| EUR-JPY | 156.15. The price may find resistance at 156.71. Then an extended move down can be expected towards 155.85 -154.46 area. |
| EUR-GBP | 0.6787. Expect a correction down to 0.6766 followed by a move up to 0.6793 or even 0.6803. A clear breakthrough up and above 0.6819 would accelerate this move-up. |
| EUR-CHF | 1.6365. For now it seems to be struggling to get above 1.6385, we could see a sell off to below 1.6318 while. A clear breakthrough above 1.6432 will cancel the down move. |
| AUD-USD | 0.8268. While the price is above 0.8249 - 0.8228 zone a corrective up-move can return and test 0.8289 or 0.8308. After which it should resume its downtrend. |
| USD-CAD | 1.0544. More sell off is expected toward 1.049 or 1.0436 zone. Corrective up moves should find resistance at 1.0577 area. A break of 1.0608 will start a bullish move. |
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