Forex daily market comments Tuesday August 28, 2007
Tuesday August 28, 2007
| Decline should be supported around 1.3627 - 1.3606 zone for rally to above 1.3704. A clear break of 1.3606 will damage this expected rally. | |
| GBP-USD | Decline should be supported around 2.0097 - 2.0071 zone for rally to above 2.0217. A clear break of 2.0071 will damage this expected rally. |
| USD-CHF | It should test 1.204 area after which a sell off down to 1.2005 or extended to 1.198 area is expected. |
| USD-JPY | While below 116.16 or 116.31 it could fall towards below 115.56 or 115.26. After which a corrective/consolidation activity is expected. |
| EUR-JPY | Preferred view is for a fall to below 157.58 while 158.12 - 158.63 area resists. A clear break of 159.17 would be bullish. |
| EUR-GBP | Corrective dips should halt near 0.677 for one more thrust upwards towards 0.6788. Stop loss below 0.6757 zone. |
| EUR-CHF | Decline should be supported around 1.6402 - 1.6389 zone for rally to above 1.6457. A clear break of 1.6389 will damage this expected rally. |
| AUD-USD | Should fall around 0.8234 while below 0.828 - 0.8277 zone. Then a recovery up to above 0.8308 is expected. |
| USD-CAD | It should trade higher to 1.0573 or above 1.0601 in extentsion. Supports at 1.0508 and 1.0522. Stop loss below 1.0494 zone. |
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