Forex daily market comments September 3, 2007
Monday September 3, 2007
| While below 1.3654 or 1.3671 it could fall towards below 1.3588 or 1.3555. After which a corrective/consolidation activity is expected. | GBP-USD | While below 2.0136 or 2.0168 it could fall towards below 2.0104 or 2.0045. After which a corrective/consolidation activity is expected to 2.0198 zone. |
| USD-CHF | Market looks set for gains towards 1.2122 or above in extension. Dips should find support at 1.2055 - 1.2039 zone. |
| USD-JPY | While below 115.96 - 116.2 it might drop to 115.32 or below 114.84 zone. |
| EUR-JPY | While below 158.26 - 158.69 it might drop to 156.9 or below 156.04 zone. |
| EUR-GBP | There is bearish potential for a fall to 0.6743 or 0.6729 while 0.6772 - 0.6779 resist. After this fall a recovery up to 0.6772 or 0.6779 is expected. |
| EUR-CHF | Currently uptrend should end around 1.6498 - 1.6493 area. A correction down to below 1.6428 is expected. A rise above 1.6518 will abort the expected correction. |
| AUD-USD | It should be subject to more sell off towards 0.8112 or 0.8038. Corrective upward swings should face resistance around 0.8196 area. A break of 0.82895 is bullish. |
| USD-CAD | Market should hold major support at 1.0497 before rising towards 1.0601 or even 1.0641 limit. |
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