Wednesday October 12, 2005
EUR-USD

1.1993. Current fall is near an end of wave around 1.1917 - 1.1932 zone, a rally should then procede to above 1.2033 or 1.2052. Fall below 1.1916 would cancel this scenario.

USD-CHF

1.2897. A correction down to 1.2841 or lower is now expected from 1.2909 or 1.2936. A break above 1.2976 is needed to turn bullish.

USD-JPY

114.55. Uptrend is still intact in a triangle configuration. It should continue to rally to 114.70 or 115.14 if support around 114.33 hold. After which a pullback to 114.33 - 114.19 zone is possible.

GBP-USD

1.7464. Current fall is near an end of wave around 1.7381 - 1.7386 zone, a rally should then procede to above 1.7514 or 1.7538. Fall below 1.7368 would cancel this scenario.

EUR-CHF

1.5468. It should be subject to more weakness towards 1.5459. After which a correction to above 1.5484 is anticipated. A break of 1.545 is bearish.

EUR-JPY

137.37. Current fall is near an end of wave around 136.80 - 137.33 zone, a rally should then procede to above 137.57 or 137.76. Fall below 136.62 would cancel this scenario.

EUR-GBP

0.6867. One more dip to 0.6856 is likely followed by a grind higher to above 0.6875. After which it can resume his downtrend.

AUD-USD

0.7524. Market should meet resistance at 0.7542. We expect then an extended move down to 0.7505 -0.7471 area.

USD-CAD

1.1761. It is a triangle configuration. Market should break either side. Acceleration should occur above 1.1820 or under 1.1740 limits.

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