Friday October 14, 2005
EUR-USD

1.2026. It should trade higher to 1.2071 or above 1.2117 in extention. Supports at 1.1970 and 1.1993. Stop loss below 1.1947 zone

USD-CHF

1.2892. Resistances lie around 1.2956 and 1.3081. It should test lower towards 1.2830 zone. A clear break of 1.2795 would be bearish.

USD-JPY

114.50. While below 114.6 or 114.8 it could fall towards below 114.11 or 113.72. After which a corrective/consolidation activity is expected.

GBP-USD

1.7567. It should trade higher to 1.7614 while 1.7528 or 1.7505 offers support. Stop loss below 1.7482 zone.

EUR-CHF

1.5503. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5522 or 1.5560 if support around 1.5496 hold. After which a pullback to 1.5496 - 1.5482 zone is possible.

EUR-JPY

137.70. Difficult to predict the next move. If first down it should hold 137.34 or 137.22 to 137.95. If first up it should face resistance in 137.70 - 137.95 zone to 137.22 zone

EUR-GBP

0.6845. It should test 0.6846 area after which a sell off down to 0.6821 or extended to 0.6798 area is expected.

AUD-USD

0.7505. It is likely to fall towards 0.7412 unless a corrective rally breaks the 0.7532 resistance. Stop above 0.7555 zone.

USD-CAD

1.1833. Current rise seems to be over near 1.1841 or 1.1887 for a retracement towards 1.1795 - 1.1768 area.

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