Wednesday June 21, 2006
EUR-USD
1.2578. It should test 1.2579 area after which a sell off down to 1.2538 or extended to 1.2499 area is expected.
USD-CHF
1.2389. It looks more likely that it would rise to 1.2437 from 1.2368 or 1.2344. After which a downside move is expected.
USD-JPY
114.97. Market should pop up towards 115.53 or 116.08 this bullish scenario would be damaged if 114.77 - 114.66 zone is broken, a severe break down could then occur.
GBP-USD
1.8420. It should test 1.8433 area after which a sell off down to 1.8372 or extended to 1.8325 area is expected.
EUR-CHF
1.5586. Decline should be supported around 1.5571 - 1.5557 zone for rally to above 1.5621. A clear break of 1.5557 will damage this expected rally.
EUR-JPY
144.61. Current fall is near an end of wave around 143.74 - 144.33 zone, a rally should then procede to above 144.96 or 145.22. Fall below 143.58 would cancel this scenario.
EUR-GBP
0.6829. It should trade higher to 0.6839 or above 0.6848 in extention. Supports at 0.6823 and 0.6827. Stop loss below 0.6818 zone
AUD-USD
0.7376. It is a triangle configuration. Market should break either side. Acceleration should occur above 0.7404 or under 0.7359 limits.
USD-CAD
1.1186. Market should pop up towards 1.1238 or 1.129 this bullish scenario would be damaged if 1.1168 - 1.1159 zone is broken, a severe break down could then occur.