Subscribe our Short Term Analysis at $19.95/mo.
You can subscribe our Short Term Analysis at $19.95 per month before the end of September 2006.
EURUSD is testing the key resistance at 1.2878. Up trend will resume after break above this resistance. If the resistance holds, the pair would move lower to wards 1.2754 to reach the next cycle bottom before the resumption of the up trend. Key support is at 1.2754, as long as the key support holds, EURUSD is treated as in correction to the up trend and rise above 1.2978 is possible after this correction.
GBPUSD is in correction to the up trend and further rise above 1.9090 towards 1.9142 previous high is possible in the next several days. Key support is at 1.8956, only break below this level may signal the reversal to the up trend.
AUDUSD is in up trend and further rise towards 0.7750 level to reach the next cycle top on 4 hours chart is possible later today. Near term support is the up trend line, as long as the up trend line support holds, up trend will continue. For longer term analysis, resistance at 0.7712 is broken above, AUDUSD is in medium term bullish movement, and further rise above 0.7800 is possible in the next two weeks.
USDCHF is treated as in correction to the down trend. Key support is at 1.2226, down trend would resume after breaking below this level. Key resistance is at 1.2387, if this resistance gives way, the pair would move higher towards 1.2444 to reach the next cycle top before the resumption of the down trend.
USDCAD is in down trend and further fall towards 1.0960 previous low support is possible in the next several days. Key resistance is still at 1.1115, only break above this level may signal the reversal to the down trend.