Realtime Forex Daily Market Comment
Monday October 31, 2005
EUR-USD
1.2067. While above 1.2058 - 1.2021 zone a corrective dip could test 1.2095 or 1.2119 or 1.2142. After which it should resume his downtrend.
USD-CHF
1.2803. It may attempt a test higher to 1.2816 after which weakness may set it to a drift down to below 1.2723 limit.
USD-JPY
115.67. It should test 116.23 area after which a sell off down to 115.28 or extended to 114.88 area is expected.
GBP-USD
1.7743. While below 1.7778 - 1.7801 it might drop to 1.7696 or below 1.7650 zone.
EUR-CHF
1.5452. Market should hold major support at 1.5421 before rising towards 1.5468 or even 1.5485 limit.
EUR-JPY
139.57. Market should pop up towards 140.05 or 140.53 this bullish scenario would be damaged if 139.42 - 139.15 zone is broken, a severe break down could then occur.
EUR-GBP
0.6801. Decline should be supported around 0.6787 - 0.6773 zone for rally to above 0.6839. A clear break of 0.6773 will damage this expected rally.
AUD-USD
0.7497. Market should meet resistance at 0.7522. We expect then an extended move down to 0.7490 -0.7422 area.
USD-CAD
1.1778. Current rise seems to be over near 1.1786 or 1.1817 for a retracement towards 1.1754 - 1.1735 area.
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