# Short Term Analysis – October 30, 2006

GBPUSD

GBPUSD is in up trend, and more sharply rise towards 1.9072 previous high can be expected in the next couple of days. Near term support is at the up trend line, and as long as the trend line support holds, up trend will continue. Key support is at 1.8869, only break below this level may delay the resumption of the up trend.

EURUSD

EURUSD is in up trend, and more sharply rise towards 1.2800 level can be expected in the next couple of days. Near term support is at the up trend line, and as long as the trend line support holds, up trend will continue. Key support is at 1.2662, only break below this level may delay the resumption of the up trend.

Key support at 1.1202 is broken below, and USDCAD is now in down trend, and further fall towards 1.1150 is can be expected in the next couple of days. Near term resistance is at the down trend line, only break above the trend line resistance may delay the resumption of the down trend.

USDCHF

USDCHF is in down trend and more sharply fall towards 1.2404 previous low can be expected in the next couple of days. Near term resistance is at the down trend line, and as long as the trend line resistance holds, down trend will continue. Key resistance is at 1.2570, only break above this level may signal the reversal to the down trend.

USDJPY

USDJPY is in down trend and more sharply fall towards 116.50 can be expected in the next couple of days. Near term resistance is at the down trend line, and as long as the trend line resistance holds, down trend will continue. Key resistance is at 118.71, only break above this level may signal the reversal to the down trend.

AUDUSD

AUDUSD is in up trend, and more sharply rise towards 0.7719 previous high can be expected in the next couple of days. Near term support is at bottom of the rising price channel, and as long as the channel support holds, up trend will continue. Key support is at 0.7610, only break below this level may delay the resumption of the up trend.