Thursday September 15, 2005




EUR-USD


1.2285. It is a triangle configuration. Market should break either side. Acceleration should occur above 1.2331 or under 1.2257 limits.


USD-CHF


1.2578. It is likely to fall towards 1.2532 as its corrective rally could falter in 1.2601 - 1.2578 area. Stop above 1.2624 zone.


USD-JPY


110.38. It should be subject to more sell off towards 109.91 or 109.43. Corrective upward swings should face resistance around 110.43 area. A break of 111.65 is bullish.


GBP-USD


1.8237. Our preferred view is for a drift down to 1.8200 or below 1.8164. Resistances is at 1.8193. A rise above 1.8288 would delay but not abort this expected fall.


EUR-CHF


1.5452. Preferred outlook is for a drift down to below 1.5427. Resistances are at 1.5452 and 1.5458. A rise above 1.5470 would delay but not abort this expected fall.


EUR-JPY


135.61. While below 135.66 - 135.84 it might drop to 135.25 or below 134.88 zone.


EUR-GBP


0.6736. It should test 0.6743 area after which a sell off down to 0.6724 or extended to 0.6713 area is expected.


AUD-USD


0.7716. Current upmove should continue up to 0.7741 or 0.7765. Any correction should find support in 0.7711 - 0.7699 zone.


USD-CAD


1.1805. It is likely to attempt nearer support at 1.1779 for extending further to below 1.1753 while below 1.1805 - 1.1822 area. Rise above 1.1835 would dampen this bearish expectation.




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