real time forex

Friday December 29, 2006

EUR-USDThere are initial signs of a good corrective recovery towards 1.3199 or even 1.3247. Supports at 1.3128 and 1.3104 zone. USD-CHFOne more dip to 1.2166 or 1.2116 is likely followed by a grind higher to above 1.2244 or 1.2322. After which it can resume its downtrend. USD-JPYIt should test 119.19 area after which a sell off down to 118.62 or extended to 118.32 area is expected. GBP-USDStrength can extend to 1.9655 or even higher than 1.9688 as declines are expected to find support at 1.9593 or 1.9564. A fall below 1.9498 could turn it bearish. EUR-CHFDecline should be supported around 1.6044 - 1.6023 zone for rally to above 1.6125. A clear break of 1.6023 will damage this expected rally. EUR-JPYCurrent rise seems to be over near 156.56 or 156.86 for a retracement towards 156.27 - 156.04 area. EUR-GBPOur preferred outlook is for a drift down to 0.6691 or below 0.6685. Resistances are at 0.6698 and 0.6704. A rise above 0.671 would delay but not abort this expected fall. AUD-USDUptrend is still intact in a triangle configuration. It should continue to rally to 0.7958 or 0.7963 if support around 0.7889 hold. After which a pullback to 0.7889 - 0.7876 zone is possible. USD-CADMarket should hold major support at 1.1579 before rising towards 1.1624 or even 1.1643 limit.