Friday September 9, 2005




EUR-USD

1.2398. It should register further gains to 1.2440 while 1.2370 caps downside attempts. Stop loss below 1.2341 zone.


USD-CHF

1.2447. Currently uptrend should end around 1.2462 - 1.2481 area. A correction down to below 1.2399 is expected. A rise above 1.2516 will abort the expected correction.


USD-JPY

110.51. A correction down to 110.13 or lower is now expected from 110.57 or 110.76. A break above 111.01 is needed to turn bullish.


GBP-USD

1.8357. There is bearish potential for a fall to 1.8311 or 1.8266 while 1.8400 - 1.8422 resist. After this fall a recovery up to 1.8400 or 1.8422 is expected.


EUR-CHF

1.5431. It may attempt a test higher to 1.5436 after which weakness may set it to a drift down to below 1.5420 limit.


EUR-JPY

137.02. A correction down to 136.62 or lower is now expected from 136.97 or 137.17. A break above 137.71 is needed to turn bullish.


EUR-GBP

0.6753. One more dip to 0.6737 is likely followed by a grind higher to above 0.6763. After which it can resume his downtrend.


AUD-USD

0.7730. Current rise seems to be over near 0.7732 or 0.7758 for a retracement towards 0.7706 - 0.7692 area.


USD-CAD

1.1815. Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.1786 or 1.1785. Major support is clustered around 1.1748 limit.



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