FOREX MARKET OUTLOOK FROM ACETRADER - USD/CHF - Nov 26, 2003

Wednesday, November 26, 2003
Daily report
Trendsetter Financial Markets Ltd.
http://www.acetrader.com



USD/YEN - 109.45

Yesterday`s rise indicates a retracement of the medium-term intermediate decline from
117.72 is under way and further gain to 110.40/50 is envisaged but upside would be capped
well below 111.50 today. Below 109.00 would risk pullback towards 108.62/68 support area
before rebound.


INTRA-DAY USD/CHF OUTLOOK

(Update at 02:28GMT 2003/11/26)

Dollar`s retreat from 1.3198 has retained intra-day bearishness and break below 1.3147/48
support would signal top has been formed at 1.3220, bring a retracement of upmove from
1.2915 to 1.3110/20 and possibly 1.3093 (previous resistance).

Hold short with stop above there, break would bring an exhaustive rise to 1.3240/45 before
down.


Rate: 1.3159
Strategy / Entry Level: Hold short
Position: Short at 1.3175
Objective: 1.3120
Stop-Loss: 1.3200
Range Forecast: 1.3147/1.3180
Resistance: 1.3220/1.3263/1.3333
Support: 1.3147/1.3093/1.3049



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