EURO, JAP YEN and EURO-YEN
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Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below
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 $-Swiss @ 1.2372/7....Trendline under threat
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R: 1.2400 / 1.2420
S: 1.2348-38 / 1.2320
$-Swiss had a sharp fall to a low of 1.2348 and has broken below its trendline on the weekly, joining the lows of 1.1919 (15-May) and 1.2183 (21-Aug) at 1.2372. Now if the pair closes below this level today, there may be a fall towards 1.2150 in the coming weeks.

Intraday the Supports are coming in at 1.2348-38 as the former is the statistically projected Max Low on the daily and the latter on the weekly. If these are broken, there may be a fall towards 1.2320. On the upside the Resistances are at 1.2400 and then at 1.2420. It would be important to see a close today but selling on a rally to 1.2420 with stop above 1.2460 can be considered.


 Cable @ 1.9150/55....Support at 1.9100
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R: 1.9200-20 / 1.9270
S: 1.9150 / 1.9100
The Cable has had a sharp rally to a high of 1.9180 today and is now trading at a new high since Apr-2005, when the pair had topped out at 1.9220. That could be the next logical Resistance for the pair today. Note that the pair is trading above its statistically projected Max High for the day of 1.9150.

Intraday, the Support is at 1.9100. A break below this is not expected. On the upside the Resistance is at 1.9200 and 1.9220. Consider buying on a dip to 1.9100 with SL at 1.9050


 Aussie @ 0.7682/86....Square now
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R: 0.7700-10 / 0.7730 / 0.7750
S: 0.7650 / 0.7630
The Aussie has had a two-way move during the week as it went up strongly to a high of 0.7764 on 07-Nov but had a fall to a low of 0.7641 yesterday. It is trading a little below the middle of that range today. Resistances seen at 0.7700 and at 0.7710, the statistically projected Max High for the day. IF thesee are crossed, there could be a rally towards 0.7730 or 0.7750. On the downside the Support is at 0.7650, which is the statistically projected Max Low for the day. If that breaks, there could be a fall to 0.7630. We were Short at 0.7680 but were stopped out at 0.7690. Earlier we unfortunately missed our TP (0.7660) by 2 pips on that one. Square for a while now.


Happy Trading!