Forex daily market comments Thursday August 30, 2007
Thursday August 30, 2007
| It looks set for gains to above 1.3717. Supports at 1.362 and 1.364. A break of 1.3599 will damage this bullish structure. | |
| GBP-USD | It should trade higher to 2.0251 while 2.0107 or 2.007 offers support. Stop loss below 2.0032 zone. |
| USD-CHF | Preferred outlook is for a drift down to below 1.195. Resistances are at 1.1997 and 1.2006. A rise above 1.203 would delay but not abort this expected fall. |
| USD-JPY | It looks set for gains to above 116.99. Supports at 115.01 and 115.42. A break of 114.6 will damage this bullish structure. |
| EUR-JPY | It looks set for gains to above 160.41. Supports at 156.72 and 157.47. A break of 155.97 will damage this bullish structure. |
| EUR-GBP | Market should pop up towards 0.6799 or 0.6819 this bullish scenario would be damaged if 0.6772 - 0.6771 zone is broken, a severe break down could then occur. |
| EUR-CHF | It should be subject to more sell off towards 1.6348 or 1.6287. Corrective upward swings should face resistance around 1.6497 area. A break of 1.6454 is bullish. |
| AUD-USD | It should test 0.8365 area after which a sell off down to 0.8101 or extended to 0.7986 area is expected. |
| USD-CAD | There are initial signs of a good corrective recovery towards 1.064 or even 1.066. Supports at 1.059 and 1.0561 zone. |
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