Forex daily market comments Wednesday August 22, 2007
Wednesday August 22, 2007
| 1.3466. Preferred outlook is for a drift down to 1.3441 or below 1.3417. Resistances are at 1.3466 and 1.3481. A rise above 1.3505 would delay but not abort this expected fall. | |
| GBP-USD | 1.9818. It is likely to fall towards 1.966 unless a corrective rally breaks the 1.9863 resistance. Stop above 1.9902 zone. |
| USD-CHF | 1.2062. It should trade higher to 1.2086 or above 1.211 in extension. Supports at 1.2037 and 1.2049. Stop loss below 1.2025 zone |
| USD-JPY | 114.43. While below 114.56 - 114.84 it might drop to 113.88 or below 113.33 zone. |
| EUR-JPY | 154.07. While below 154.32 - 154.72 it might drop to 153.27 or below 152.47 zone. |
| EUR-GBP | 0.6794. It is a triangle configuration. Market should break either side. Acceleration should occur above 0.6818 or under 0.6773 limits. |
| EUR-CHF | 1.6242. It should trade higher to above 1.6271 while 1.6238 offer support. Minor support at 1.6224. Stop Loss below 1.6176 zone. |
| AUD-USD | 0.8016. Market should pop up towards 0.8078 or 0.8139 this bullish scenario would be damaged if 0.8013 - 0.8012 zone is broken, a severe break down could then occur. |
| USD-CAD | 1.0623. A corrective/consolidation activity between 1.0561 and 1.0712 is likely for a while. |
This entry was posted on Wednesday, August 22nd, 2007 at 2:47 am and is filed under Daily market comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
