Wednesday September 28, 2005
EUR-USD

1.2013. It should see a sell off to below 1.1966 while 1.2025 area curtails its upside. A break beyond 1.2071 will abort the downside.

USD-CHF

1.2959. Current upmove should end around 1.2989 - 1.3010 area. A correction down to below 1.2895 or even 1.2831 is expected. A rise above 1.3061 will abort the expected correction.

USD-JPY

113.29. Uptrend is still intact in a triangle configuration. It should continue to rally to 113.67 or 114.37 if support around 112.98 hold. After which a pullback to 112.98 - 112.71 zone is possible.

GBP-USD

1.7664. Market should meet resistance at 1.7700. We expect then an extended move down to 1.7613 -1.7556 area.

EUR-CHF

1.5567. Our preferred view is for a drift down to 1.5553 or below 1.5539. Resistances is at 1.5558. A rise above 1.5584 would delay but not abort this expected fall.

EUR-JPY

136.09. Current rise seems to be over near 136.17 or 136.43 for a retracement towards 135.90 - 135.73 area.

EUR-GBP

0.6799. Current rise should end around 0.6796 or 0.6810. Objectives of this downmove are 0.6786 or 0.6772. A rise above 0.6820 is again bullish.

AUD-USD

0.7559. Market should hold major support at 0.7527 before rising towards 0.7579 or even 0.7598 limit.

USD-CAD

1.1778. Current rise seems to be over near 1.1794 or 1.1827 for a retracement towards 1.1760 - 1.1735 area.


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