FOREX MARKET OUTLOOK FROM ACETRADER - USD/CHF

Monday, December 8, 2003
Daily report
Trendsetter Financial Markets Ltd.
http://www.acetrader.com



USD/YEN - 107.60

Although Friday`s selloff on dollar`s broad-based weakness signals the medium term
downtrend has resumed, loss of momentum would prevent sharp fall beyond 107.00 and
yield moderate corrective rebound but resistance 108.50 would remain intact.


INTRA-DAY USD/CHF OUTLOOK

(Update at 02:21GMT 2003/12/8)

Outlook is same as euro, as dollar has traded narrowly above Friday`s low at 1.2733,
suggesting consolidation is seen in Asia before downtrend resumes for marginal fall but
1.2700 would hold, yield rebound.

Sell recovery for 1.2720/25 and if dollar falls to 1.2715 first, for short trade, buy for rebound
to 1.2770/80 but above 1.2820/30 needed to confirm low made.


Rate: 1.2760
Strategy / Entry Level: 1. Sell @ 1.2775 or 2. Buy @ 1.2715
Position:

Objective: 1) 1.2720/25 or 2) 1.2770/80
Stop-Loss: 45 points
Range Forecast: 1.2735/1.2775
Resistance: 1.2780/1.2832/1.2916
Support: 1.2733/1.2670/1.2600



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