FOREX MARKET OUTLOOK FROM ACETRADER - USD/CHF - Nov 18, 2003

Tuesday, November 18, 2003
Daily report
Trendsetter Financial Markets Ltd.
http://www.acetrader.com


USD/YEN - 108.95

Dollar is expected to gyrate within recent established sideways range n as long as strong
support at 107.86 holds, mild upside bias is seen but above 109.75 is needed to confirm
triangle formation and bring further gain towards 110.40. Below said support would confirm
resumption of medium term downtrend, bring swift fall towards 107.00 later...

INTRA-DAY USD/CHF OUTLOOK

(Update at 02:32GMT 2003/11/18) Dollar`s present weakness in Asian morning suggests
yesterday`s corrective bounce has ended earlier at 1.3268 and firm break of 1.3205 would
signal recent downtrend has resumed, bring re-test of 1.3173, then toward 1.3128/33 later
today. Venture short, stop at 1.3250, above would prolong correction and risk recovery to
1.3275, then 1.3300..

Rate: 1.3226
Strategy / Entry Level:Sell at market
Position:
Objective: 1.3175
Stop-Loss: 1.3250
Range Forecast: 1.3205 / 1.3235
Resistance: 1.3275/1.305/1.3360
Support: 1.3205/1.3173/1.3128



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