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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