# Short Term Analysis – October 27, 2006

EURUSD

EURUSD is in up trend, and more sharply rise towards 1.2764 previous high can be expected in the next several days. Near term support is at the up trend line, and as long as the trend line support holds, up trend will continue.

GBPUSD

GBPUSD is in up trend, and more sharply rise towards 1.9072 previous high can be expected in the next several days. Near term support is at the up trend line, and as long as the trend line support holds, up trend will continue.

USDCHF

USDCHF is in down trend, and more sharply fall towards 1.2404 previous low can be expected in the next several days. Near term resistance is at the down trend line, and as long as the trend line resistance holds, down trend will continue.

AUDUSD

AUDUSD is in up trend, and further rise towards 0.7675 area is possible in the next several days. Near term support is at the bottom of the rising price channel, and as long as the channel support holds, up trend will continue.

USDJPY

USDJPY is in down trend, and further fall below 118.04 can be expected in the next several days. Near term resistance is at the down trend line, and as long as the trend line resistance holds, down trend will continue.