Thursday September 22, 2005
EUR-USD

1.2213. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.2250 or 1.2316 if support around 1.2188 hold. After which a pullback to 1.2188 - 1.2162 zone is possible.

USD-CHF

1.2708. Market should meet resistance at 1.2737. We expect then an extended move down to 1.2668 -1.2621 area.

USD-JPY

111.30. Market should pop up towards 111.89 or 112.47 this bullish scenario would be damaged if 111.11 - 110.9 zone is broken, a severe break down could then occur.

GBP-USD

1.8096. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.8118 or 1.8231 if support around 1.8062 hold. After which a pullback to 1.8062 - 1.8028 zone is possible.

EUR-CHF

1.5521. It is likely to fall towards 1.5505 as its corrective rally could falter in 1.5531 - 1.5522 area. Stop above 1.5539 zone.

EUR-JPY

135.95. While below 136.32 it is more likely to fall further towards 135.74 or 135.56. Premature rise above 136.32 could see it rising above 136.68 zone.

EUR-GBP

0.6749. It should find support in 0.6736 - 0.6723 area for a rally to 0.6773. Unexpected fall below 0.6723 will dent this bullish view.

AUD-USD

0.7714. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.7736 or 0.7775 if support around 0.7700 hold. After which a pullback to 0.7700 - 0.7685 zone is possible.

USD-CAD

1.1676. Market should pop up towards 1.1719 or 1.1762 this bullish scenario would be damaged if 1.1672 - 1.1658 zone is broken , a severe break down could then occur.

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