FOREX MARKET OUTLOOK FROM ACETRADER - USD/CHF - Nov 19, 2003

Wednesday, November 19, 2003
Daily report
Trendsetter Financial Markets Ltd.
http://www.acetrader.com



USD/YEN - 108.15
Despite yesterday selloff on dollar`s broad-based weakness, a break below strong support at
107.86 is needed to confirm MT downtrend has resumed, bring swift fall to 107.00/10 later.

Above 109.10 would prolong recent choppy consolidation but resistance at 109.75 should cap
upside.


INTRA-DAY USD/CHF OUTLOOK

(Update at 03:05GMT 2003/11/19)

Outlook is similar to euro, as long as support 1.2915 holds, further sideways trading is seen
in Asia but 1.2975/80 should cap recovery, yield resumption of yesterday`s selloff later today
for marginal weakness to 1.2900 but 1.2850 would hold.

Trade from short side, stop initially as indicated, break risks 1.3025/30 before down.


Rate: 1.2946
Strategy / Entry Level: Hold short
Position: Short at 1.2950
Objective: 1.2900
Stop-Loss: 1.2990
Range Forecast: 1.2925/1.2955
Resistance: 1.3025/1.3051/1.3111
Support: 1.2856/1.2780/1.2712



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