FOREX MARKET OUTLOOK FROM ACETRADER - USD/CHF

Tuesday, December 23, 2003
Daily report
Trendsetter Financial Markets Ltd.
http://www.acetrader.com



USD/YEN - 107.50

As dollar has declined again on renewed dollar`s weakness versus other major currencies,
suggesting consolidation with initial downside bias is seen, however, below 107.00 is needed
to signal downtrend has resumed, otherwise, further choppy trading within rcent established
range is envisaged but resistance 108.10 would remain intact...


INTRA-DAY USD/CHF OUTLOOK
(Update at 02:27GMT 2003/12/23)

Outlook is similar to euro, although dollar has eased from 1.2585, as long as 1.2530/35
holds, one more corrective rise is seen but resistance at 1.2638 would remain intact, yield
retreat, below said support would confirm top seen, bring test of 1.2498 again..

Sell on further rise, stop above said resistance and exit on subsequent decline...


Rate: 1.2580
Strategy / Entry Level: Sell at 1.2615
Position:

Objective: 1.2565/70 1st
Stop-Loss: 1.2645
Range Forecast: 1.2560 / 1.2595
Resistance: 1.2604/1.2638/1.2695
Support: 1.2481/1.2427/1.2398



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