# Short Term Analysis – November 27, 2006

USDCHF

USDCHF is in down trend and further fall to test 1.1919 previous low support is still possible in a 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.

USDCAD is in down trend and further fall towards 1.1264 previous low is still possible later today. Near term resistance is at the down trend line, as long as the trend line resistance holds, down trend will continue.

USDJPY

USDJPY is in down trend and further fall towards 115.00 level is still possible later today. Near term resistance is at 116.00, a break above this level implies that the pair is bottoming on 4 hours chart, and correction is needed before the resumption of the down trend.

AUDUSD

AUDUSD is in up trend and further rise towards 0.7850 is still possible in a 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.

EURUSD

EURUSD is in up trend and further rise towards 1.3200 level is still possible later today. Near term support is at 1.3065, a break below this level implies that the pair is topping on 4 hours chart, and correction is needed before the resumption of the up trend.

GBPUSD

GBPUSD is in up trend and further rise towards 1.9500 is still possible later today. Near term support is at the up trend line, and as long as the trend line support holds, up trend will continue.