Friday July 4, 2008


EUR-USD
There is bearish potential for a fall to 1.5620 while 1.5764 - 1.5806 resist. After this fall a recovery up to 1.5806 or 1.5848 is expected. 
USD-CHF
Market looks set for gains towards 1.0327 or above in extension. Dips should find support at 1.0219 - 1.0188 zone.  
USD-JPY
Uptrend is still intact in a triangle configuration. It should continue to rally to 106.94 or 107.63 if support around 106.48 hold. After which a pullback to 106.48 - 106.26 zone is possible. 
GBP-USD
It should see a sell off to below 1.9777 while 1.9857 area curtails its upside. A break beyond 1.9914 will abort the downside. 
EUR-CHF
Current rise should end around 1.6113 or 1.6146. Objectives of this downmove are 1.6084 or 1.6051. A rise above 1.6175 is again bullish. 
EUR-JPY
It looks more likely that it would rise to above 168.36 or 168.70 from 167.48 or 166.94. After which a downside move to below 166.27 is expected. 
EUR-GBP
While below 0.7944 or 0.7959 it could fall towards below 0.7886 or 0.7856. After which a corrective/consolidation activity is expected. 
AUD-USD
There are initial signs of a good corrective recovery towards 0.9618 or even 0.9629. Supports at 0.9592 and 0.9578 zone. 
USD-CAD
It should be subject to more sell off towards 1.0121 or 1.0062. Corrective upward swings should face resistance around 1.0210 area. A break of 1.02535 is bullish. 


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