# 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 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.