FOREX MARKET OUTLOOK FROM ACETRADER - USD/CHF - Nov 14, 2003


Friday, November 14, 2003
Daily report
Trendsetter Financial Markets Ltd.
http://www.acetrader.com


USD/YEN - 108.06
Although dollar`s broad-based weakness has continued to pressure price here, below strong
support at 107.86 is needed to confirm decline has finally resumed, bring swift fall to
107.35/40 before prospect of a rebound next week.

Only above 109.18 resistance would signal price remains in consolidation, bring further
choppy trading inside recent established broad range.



INTRA-DAY USD/CHF OUTLOOK

(Update at 22:58GMT 2003/11/13)

As dollar has remained under pressure, suggesting downside bias remains for further fall to
1.3340/45, however, near term loss of momentum has increased risk of a moderate
recovery later.

Suggest to sell dollar at 1.3410 for 1.3360 and if decline to 1.3345 is seen first, venture long
for a rebound to 1.3400 with 35 points stop.

Rate: 1.3369
Strategy / Entry Level: 1.Sell @ 1.3410 or 2.Buy @ 1.3345
Position:

Objective: 1)1.3360 or 2)1.3400
Stop-Loss: 35points
Range Forecast: 1.3345/1.3380
Resistance: 1.3453/1.3520/1.3588
Support: 1.3322/1.3305/1.3234


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