Short Term Analysis - December 28, 2006
EURUSD
EURUSD traded in a narrow range between 1.3088 and 1.3175. Near term resistance is at 1.3175, key resistance is at 1.3211, a break above this level may signal the resumption of the up trend. Near term support is at 1.3088, break below this level will indicate lengthier consolidation is underway and delay the resumption of up trend.
USDCHF
USDCHF is testing 1.2268 previous high resistance, break above this level may pull price towards 1.2350 level. Near term support is at the up trend line from 1.1881 to 1.2115, key support is at 1.2115, break below this level may signal the resumption of the down trend.
USDCAD
USDCAD is in up trend and further rise towards 1.1700 can be expected in a couple of days. Near term support is at the bottom of the price channel, and followed by 1.1518, only break below this lelvel may delay the reversal to the up trend.
GBPUSD
GBPUSD traded in a narrow range between 1.9512 and 1.9630. Near term resistance is at 1.9630, key resistance is at 1.9682, a break above this level may signal the resumption of the up trend. Near term support is at 1.9512, break below this level will indicate lengthier consolidation is underway and delay the resumption of up trend.
AUDUSD
AUDUSD is testing 0.7876 previous high resistance, a break above this level may signal the resumption of the up trend. Near term support is at 0.7805, break below this level will indicate lengthier consolidation is underway and delay the resumption of up trend.
USDJPY
USDJPY may be topping at 119.21on 4 hours chart, near term support is at the bottom of the price channel, and the key support is at 118.26, a break below the level may confirm the cycle top. Near term resistance is at 119.21, only break above this level may signal the resumption of the up trend.
Leave a Reply
Other finance sites
bad credit loan
Searching for a bad credit loan can be a laborious task. Why not let All About Loans do the hard work for you? Click on the link above.
bridging loan
National Credit specialists in bridging loads and credit, clear lending rates and great fast service. Easy loan application.
Car Insurance
Check out this site for a comparison of car insurance rates..
Secured Loans In Uk
Visit this free resource site for all you need to know about secured loans.
Umbrella Companies
Great choice of Umbrella Companies from the UK`s premier company.
Compare Secured Loans
Search and compare 100s of secured loans with the loans search engine at Accepted.co.uk. Find a great deal today!