Wednesday October 19, 2005
EUR-USD

1.1959. Current fall is near an end of wave around 1.1855 - 1.1934 zone, a rally should then procede to above 1.1994 or 1.2020. Fall below 1.1854 would cancel this scenario.

USD-CHF

1.2984. Should test support at 1.2916 while below 1.2984. If support at 1.2916 holds it can rise up to1.3058, if not it should fall to below 1.2847 zone.

USD-JPY

115.70. One move lower to 115.09 or 114.49 is anticipated while below 115.82 - 116.12 area. Stop loss above 116.55 zone.

GBP-USD

1.7511. It should test higher than 1.7565. Entry point are at 1.7467 and 1.7440. A break of 1.7369 is bearish.

EUR-CHF

1.5529. Our preferred outlook is for a drift down to 1.5516 or below 1.5502. Resistances are at 1.5529 and 1.5541. A rise above 1.5555 would delay but not abort this expected fall.

EUR-JPY

138.36. Current rise should end around 138.35 or 138.67. Objectives of this downmove are 138.03 or 137.71. A rise above 138.99 is again bullish.

EUR-GBP

0.6830. While below 0.6838 - 0.6845 it might drop to 0.6816 or below 0.6802 zone.

AUD-USD

0.7479. Market should hold major support at 0.7431 before rising towards 0.7504 or even 0.7530 limit.

USD-CAD

1.1775. There is bearish potential for a fall to 1.1735 or 1.1694 while 1.1828 - 1.1848 resist. After this fall a recovery up to 1.1828 or 1.1848 is expected.


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