Thursday October 13, 2005




EUR-USD


1.2024. It may attempt a test higher to 1.2038 after which weakness may set it to a drift down to below 1.1968 limit.


USD-CHF


1.2873. While below 1.2854 or 1.2886 it could fall towards below 1.2772. Rise above 1.2911 could activate some bullish pattern.


USD-JPY


114.38. Decline should be supported around 114.17 - 113.96 zone for rally to above 114.96. A clear break of 113.96 will damage this expected rally.


GBP-USD


1.7516. It should trade higher to 1.7580 or above 1.7644 in extention. Supports at 1.7454 and 1.7486. Stop loss below 1.7422 zone


EUR-CHF


1.5479. It should be subject to more sell off towards 1.5465 or 1.5452. Corrective upward swings should face resistance around 1.5489 area. A break of 1.5494 is bullish.


EUR-JPY


137.53. It may attempt a test higher to 137.63 after which weakness may set it to a drift down to below 137.15 limit.


EUR-GBP


0.6865. One more dip to 0.6855 is likely followed by a grind higher to above 0.6871. After which it can resume his downtrend.


AUD-USD


0.7548. It should test 0.7575 area after which a sell off down to 0.7514 or extended to 0.7480 area is expected.


USD-CAD


1.1707. Market should meet resistance at 1.1724. We expect then an extended move down to 1.1686 -1.1656 area.




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