Realtime Forex Daily Market Comment
Wednesday September 14, 2005
EUR-USD
1.2266. It may meet resistance in 1.2266 - 1.2279 zone for a drift down to 1.2228 zone, after which bounce to 1.2292 is anticipated.
USD-CHF
1.2614. One move lower to 1.2560 or 1.2506 is anticipated while below 1.2627 - 1.2654 area. Stop loss above 1.2694 zone.
USD-JPY
110.65. While below 111.04 it is more likely to fall further towards 110.39 or 110.19. Premature rise above 111.04 could see it rising above 111.44 zone.
GBP-USD
1.8223. Is expected to fall lower than 1.8152. Entry sell point are at 1.8237 or 1.8255 . Stop loss above 1.8255.
EUR-CHF
1.5473. Current rise should end around 1.5468 or 1.5492. Objectives of this downmove are 1.5449 or 1.5425. A rise above 1.5511 is again bullish.
EUR-JPY
N/C
EUR-GBP
0.6732. It should register gains to 0.6746. Corrective decline should be supported in 0.6729 - 0.6718 area. Stop Loss below 0.6705 zone.
AUD-USD
0.7684. Current fall is near an end of wave around 0.7653 - 0.7672 zone, a rally should then procede to above 0.7697 or 0.7705. Fall below 0.7650 would cancel this scenario.
USD-CAD
1.1816. While above 1.1797 - 1.1767 zone a corrective upmove could test 1.1850 or 1.1874. After which it should resume its downtrend.
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