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Old 09-02-2005, 05:06 AM
nico3725
 
Posts: n/a
Default Realtime Forex Daily Market Comment

Friday September 23, 2005
EUR-USD

1.2154. It is a triangle configuration. Market should break either side. Acceleration should occur above 1.2270 or under 1.2132 limits.

USD-CHF

1.2785. It may attempt a test higher to 1.2798 - 1.2844 after which weakness may set it to a drift down to below 1.2692 limit.

USD-JPY

111.71. It may attempt a test higher to 111.77 after which weakness may set it to a drift down to below 111.23 limit.

GBP-USD

1.7907. There is bearish potential for a fall to 1.7808 or 1.7709 while 1.8028 - 1.8077 resist. After this fall a recovery up to 1.8028 or 1.8077 is expected.

EUR-CHF

1.5540. It should trade higher to 1.5554 while 1.5534 or 1.5527 offers support. Stop loss below 1.5520 zone.

EUR-JPY

135.78. While below 135.90 - 136.15 it might drop to 135.28 or below 134.77 zone.

EUR-GBP

0.6788. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.6815 or 0.6830 if support around 0.6777 hold. After which a pullback to 0.6777 - 0.6767 zone is possible.

AUD-USD

0.7626. There is bearish potential for a fall to 0.7584 while 0.7657 - 0.7678 resist. After this fall a recovery up to 0.7678 or 0.7698 is expected.

USD-CAD

1.1716. Difficult to predict the next move. If first down it should hold 1.1670 or 1.1652 to 1.1751. If first up it should face resistance in 1.1719 - 1.1751 zone to 1.1652 zone


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