Forex daily market comments September 7, 2007
Friday September 7, 2007
| 1.3691. A correction down to 1.3647 followed buy a move up to 1.3701 or 1.3722. A break above 1.3754 would accelerate this bullish move. | |
| GBP-USD | 2.0239. Currently uptrend should end around 2.0271 - 2.029 area. A correction down to below 2.0165 is expected. A rise above 2.0341 will abort the expected correction. |
| USD-CHF | 1.2013. It may meet resistance in 1.2013 - 1.2023 zone for a drift down to 1.1982 zone, after which bounce to 1.2038 is anticipated. |
| USD-JPY | 115.38. Is expected to fall lower than 114.5. Entry sell point are at 115.47 or 115.69 . Stop loss above 115.69. |
| EUR-JPY | 157.97. Difficult to predict the next move. If first down it should hold 157.37 or 157.07 to 158.56. If first up it should face resistance in 158.11 - 158.56 zone to 157.07 zone |
| EUR-GBP | 0.6764. Market looks set for gains towards 0.6779 or above in extension. Dips should find support at 0.6760 - 0.6753 zone. |
| EUR-CHF | 1.6447. It should test 1.6459 area after which a sell off down to 1.6425 or extended to 1.6403 area is expected. |
| AUD-USD | 0.8292. It should trade higher to 0.8330 while 0.8260 or 0.8241 offers support. Stop loss below 0.8221 zone. |
| USD-CAD | 1.0521. There are initial signs of a good corrective recovery towards 1.0552 or even 1.0567. Supports at 1.0514 and 1.0491 zone. |
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