# Short Term Analysis – June 25, 2007

USDJPY
USDJPY is in up trend, the rise from 120.76 extended to as high as 124.13, and further rise towards 125.00 is still possible in a couple of days. Near term support is at the up trend line from 120.76 to 121.49, and key support is at 123.09, only break below this level will signal the reversal to the up trend.

USDCHF
USDCHF broke below 1.2354 and reached as low as 1.2279 so far. The pair is now in down trend, further fall towards 1.2146 previous low is in favor. Near term resistance is at 1.2340, as long as this resistance holds, down trend will continue.

USDCAD is in consolidation to the down trend, further rise towards 1.0800 is still possible in the next several days. Key support is at 1.0614, a break below this level will signal the resumption of the down trend.

GBPUSD
GBPUSD broke above 1.9967 previous high and reached as high as 1.9996. Further rise towards 1.0132 (Apr 18 high) is possible in the next several days. Near term support is at the up trend line from 1.9657 to 1.9886, and followed by 1.9886, and as long as 1.9886 support holds, up trend will continue.

EURUSD
EURUSD broke above 1.3437 key resistance and reached as high as 1.3472 so far. Further rise towards 1.3553 previous high can be seen later today. Near term support is at the up trend line from 1.3263 to 1.3371 and followed by 1.3371, and as long as 1.3371 support holds, up trend will continue.

AUDUSD
AUDUSD is in up trend, the rise from 0.8333 extended to as high as 0.8493, more sharply rise towards 0.8600 is still possible in the next several days. Near term support is at 0.8428, as long as this support holds, up trend will continue.

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