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Update Time:     04 May 2009 03:15GMT
DAILY USD/CAD OUTLOOK - 1.1807

Despite anticipated resumption of usd's recent
decline, loss of momentum shud limit downside to
1.1760/70 n yield a corrective rebound later.

Exit short at 1.1880 n stand aside as only abv
1.1900 signals temp. low is in place, 1.1954...

   Rate:     1.1807
   Strategy:     Exit short
   Position:     Short at 1.1880
   Objective:     
   Stop-Loss:     
   Resistance:     1.1880/1.1954/1.1982
   Support:     1.1761/1.1733/1.1682
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Update Time:     01 May 2009 14:20GMT
INTRA-DAY EUR/JPY OUTLOOK - +131.40+

As euro has retreated after intra-day rally to
132.35, suggesting consolidation with downside bias
is seen for weakness twd 131.28 (prev. res) but
break there needed to signal a temp. top has been
formed n yield retrace. twd 130.85.

Sell on recovery with stop as indicated n only
abv 132.35 aborts n risks gain twd 132.75/85...

   Rate:     +131.40+
   Strategy:     +Target met+
   Position:     +Short at 132.00+
   Objective:     131.40
   Stop-Loss:     
   Resistance:     132.35/132.81/133.00
   Support:     131.28/130.85/130.30
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Update Time:     01 May 2009 09:14GMT
INTRA-DAY EUR/JPY OUTLOOK - 131.90

Euro's retreat after marginal rise to 132.04
suggests an intra-day top has possibly been made,
consolidation with mild downside bias is seen n
pullback to 131.50 cannot be ruled out, however,
131.28 (prev. res, now sup) shud contain downside.

Wud be prudent to exit long n look to buy euro
again on dips. Abv 132.04 extends gain to 132.44...

   Rate:     131.90
   Strategy:     Exit long
   Position:     Long at 131.60
   Objective:     
   Stop-Loss:     
   Resistance:     132.04/132.44/132.81
   Support:     131.28/130.85/130.30

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