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Wednesday, December 12, 2007

Daily Market Comment - 13 Desember 2007

Wednesday, December 12, 2007

Daily Market Comment

EUR-USD
1.4706. A correction down to 1.4655 or lower is now expected from 1.4701 or 1.4727. A break above 1.4799 is needed to turn bullish.
USD-CHF
1.1347. Strength can extend to 1.1374 or even higher than 1.1407 as declines are expected to find support at 1.1311 or 1.1280. Stop Loss below 1.1214 zone.
USD-JPY
112.24. Difficult to predict next move. It should stay in a trading range between 111.78 - 113.62
GBP-USD
2.0468. Strength can extend to 2.0523 or even higher than 2.0584 as declines are expected to find support at 2.0404 or 2.0346. Stop Loss below 2.0224 zone.
EUR-CHF
1.6687. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.6726 or 1.6834 if support around 1.6655 hold. After which a pullback to 1.6655 - 1.6618 zone is possible.
EUR-JPY
165.05. It should trade higher to 166.18 while 164.17 or 163.60 offers support. Stop loss below 163.03 zone.
EUR-GBP
0.7184. Difficult to predict next move. It should stay in a trading range between 0.7185 - 0.7230
AUD-USD
0.8828. Current upmove should continue up to 0.8915 or 0.9002. Any correction should find support in 0.8820 - 0.8777 zone.
USD-CAD
1.0123. A corrective/consolidation activity between 1.0060 and 1.0136 is likely for a while.

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