Monday September 12, 2005




EUR-USD


1.2412. While above 1.2394 - 1.2372 zone a corrective upmove could test 1.2436 or 1.2456. After which it should resume its downtrend.


USD-CHF


1.2434. Corrective dips should ideally halt near 1.243 or 1.2411 for one more thrust upwards towards 1.2452 - 1.2473 area or 1.2512 in extention. Fall below 1.2391 puts it back on a downward path.


USD-JPY


109.68. There is bearish potential for a fall to 109.19 while 109.98 - 110.22 resist. After this fall a recovery up to 110.22 or 110.46 is expected.


GBP-USD


1.8394. Current upmove should be over between1.8410 and 1.8380. A correction down to 1.8275 is anticipated. A break of 1.8439 is bullish.


EUR-CHF


1.5434. It looks set for gains to above 1.5450. Supports at 1.5424 and 1.5431. A break of 1.5416 will damage this bullish structure.


EUR-JPY


136.14. There is bearish potential for a fall to 135.65 or 135.15 while 136.86 - 137.11 resist. After this fall a recovery up to 136.86 or 137.11 is expected.


EUR-GBP


0.6748. Preferred outlook is for a drift down to below 0.6726. Resistances are at 0.6748 and 0.6753. A rise above 0.6764 would delay but not abort this expected fall.


AUD-USD


0.7747. A correction down to 0.7717 or lower is now expected from 0.7750 or 0.7765. A break above 0.7783 is needed to turn bullish.


USD-CAD


1.1774. Current fall is near an end of wave around 1.1684 - 1.1764 zone, a rally should then procede to above 1.1803 or 1.1828. Fall below 1.1673 would cancel this scenario.




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