Realtime Forex Daily Market Comment
Friday October 7, 2005
EUR-USD

1.2179. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.2309 or 1.2352 if support around 1.2119 hold. After which a pullback to 1.2119 - 1.2076 zone is possible.

USD-CHF

1.2708. It should see a sell off to below 1.2609 while 1.2770 area curtails its upside. A break beyond 1.2870 will abort the downside.

USD-JPY

113.29. Market should pop up towards 113.97 or 114.66 this bullish scenario would be damaged if 112.80 - 112.67 zone is broken, a severe break down could then occur.

GBP-USD

1.7788. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.7888 or 1.7933 if support around 1.7740 hold. After which a pullback to 1.7740 - 1.7704 zone is possible.

EUR-CHF

1.5478. It should test 1.5486 area after which a sell off down to 1.5451 or extended to 1.5423 area is expected.

EUR-JPY

137.99. Uptrend is still intact in a triangle configuration. It should continue to rally to 138.65 or 139.12 if support around 137.47 hold. After which a pullback to 137.47 - 137.19 zone is possible.

EUR-GBP

0.6846. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.6875 or 0.6893 if support around 0.6828 hold. After which a pullback to 0.6828 - 0.6817 zone is possible.

AUD-USD

0.7583. It should test 0.7595 area after which a sell off down to 0.7556 or extended to 0.7529 area is expected.

USD-CAD

1.1810. There are initial signs of a good corrective recovery towards 1.1839 or even 1.1861. Supports at 1.1791 and 1.1765 zone.

http://www.realtimeforex.com/na/daily-market-comments.forex?lang=eng