Tuesday May 22, 2007
EUR-USD
1.3468. It should see a sell off to below 1.3428 while 1.3476 area curtails its upside. A break beyond 1.3517 will abort the downside.
USD-CHF
1.2306. Current rise should end around 1.2302 or 1.2335. Objectives of this downmove are 1.2274 or 1.2241. A rise above 1.2363 is again bullish.
USD-JPY
121.47. Currently uptrend should end around 121.61 - 121.70 area. A correction down to below 121.17 is expected. A rise above 121.92 will abort the expected correction.
GBP-USD
1.9715. Current fall is near an end of wave around 1.9673 - 1.9712 zone, a rally should then procede to above 1.9736 or 1.9755. Fall below 1.9637 would cancel this scenario.
EUR-CHF
1.6574. Decline should be supported around 1.6542 - 1.6511 zone for rally to above 1.6645. A clear break of 1.6511 will damage this expected rally.
EUR-JPY
163.60. Corrective dips should ideally halt near 163.59 or 163.42 for one more thrust upwards towards 163.76 - 163.94 area or 164.27 in extention. Fall below 163.26 puts it back on a downward path.
EUR-GBP
0.6831. Preferred outlook is for a drift down to below 0.6806. Resistances are at 0.6831 and 0.6835. A rise above 0.6848 would delay but not abort this expected fall.
AUD-USD
0.8219. It should trade higher to above 0.8250 while 0.8216 offer support. Minor support at 0.8200. Stop Loss below 0.8150 zone.
USD-CAD
1.0846. It may meet resistance in 1.0846 - 1.0858 zone for a drift down to 1.0811 zone, after which bounce to 1.0873 is anticipated.
disclaimer
The information contained herein has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. Any views expressed may change without notice.
This document is provided to you for information purposes only and may not be reproduced, distributed or published by any recipient for any purpose.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment