# Short Term Analysis – November 9, 2007

EURUSD
EURUSD is in up trend. As long as the up trend line from 1.4125 to 1.4442 holds, we expect up trend will continue, and further rise towards 1.5000 can be seen after a slightly consolidation. Near term resistance is at 1.4728, a break above this level will signal the resumption of the up trend.

GBPUSD
GBPUSD is in up trend. The rise from 2.0257 extended to as high as 2.1116. Further rise towards 2.1300 is still possible in the next several days. Near term support is at price channel, and as long as the channel support holds, up trend will continue.

AUDUSD
AUDUSD is consolidation to the up trend. Further rise towards 0.9600 can be seen after consolidation. Key resistance is at 0.9398, a break above this level will signal the resumption of the up trend.

USDJPY
USDJPY is testing the previous low support at 111.59 (Aug low), if gives way, further fall towards 110.00 can be seen. Key resistance is at 115.91 only break above this level will signal the resumption of the up trend.

USDCHF
USDCHF broke below the long term key support at 1.1287 (Dec 31, 2004 low) and reached 1.1236 level. Further fall towards 1.1000 is still possible after consolidation. Near term resistance is at the down trend line, and as long as the trend line resistance holds, down trend will continue.