# Short Term Analysis – December 7, 2006

AUDUSD

AUDUSD is in correction to the up trend, and f further fall towards 0.7820 level is still possible in a couple of days. Key resistance is at 0.7925, a break above this level may signal the resumption of the up trend.

EURUSD

EURUSD would form a sideways consolidation in a range between 1.3219 and 1.3362 in the next several days. Key resistance is at 1.3362, a break above this level may signal the resumption of the up trend.

GBPUSD

GBPUSD is in correction to the up trend, further fall towards 1.9600 level is still possible later today. Key resistance is at 1.9846, a break above this level may signal the resumption of the up trend.