# Short Term Analysis – December 6, 2006

AUDUSD

Key support at 0.7847 is broken below, AUDUSD topped at 0.7925 on 4 hours chart. Further fall towards 0.7820 level is still possible in a couple of days. Key resistance is now at 0.7925, a break above this level may signal the resumption of the up trend.

EURUSD

EURUSD is in correction to the up trend, further fall to test the near term support at 1.3219 is still possible later today, and this support would more likely be held. Near term resistance is at 1.3382, a break above this level may signal the resumption of the up trend.

GBPUSD

GBPUSD is in correction to the up trend, further fall to test the near term support at 1.9634 is still possible later today, and this support would more likely be held. Near term resistance is at 1.9846, a break above this level may signal the resumption of the up trend.