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Update Time:     14 Jul 2009 17:59GMT
DAILY EUR/USD OUTLOOK - +1.3920+

Despite intra-day brief rise to 1.4015, present
retreat suggests euro wud continue to gyrate inside
recent broad range of 1.3878-1.4074 n downside bias
remains for weakness twd 1.3914 but reckon 1.3878
wud hold fm here, yield another bounce later.

Trade fm short side with stop now as indicated,
abv risks 1.4040/50 but 1.4074 res shud cap upside.

   Rate:     +1.3920+
   Strategy:     +Target met+
   Position:     Short at 1.4000
   Objective:     1.3920
   Stop-Loss:     
   Resistance:     1.4015/1.4074/1.4139
   Support:     1.3914/1.3878/1.3832
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Update Time:     14 Jul 2009 18:00GMT
DAILY USD/CHF OUTLOOK - +1.0900+

Although dlr is expected to gyrate inside recent
established broad range of 1.0751-1.0956, intra-day
rebound after finding renewed buying at 1.0807 sug-
gests upside bias remains but abv 1.0924 needed to
retain bullish prospect for gain twd 1.0956 later.

Hold long with stop as indicated, below shifts
risk to downside for possible re-test of 1.0751.

   Rate:     +1.0900+
   Strategy:     +Target met+
   Position:     Long at 1.0820
   Objective:     1.0900
   Stop-Loss:     
   Resistance:     1.0890/1.0956/1.1026
   Support:     1.0807/1.0751/1.0706
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Update Time:     14 Jul 2009 17:52GMT
DAILY EUR/CHF OUTLOOK - +1.5205+

Current price action suggests choppy trading abv
last week's 1.5110 temp. low is seen n another cor-
rective rise is still envisaged after consolidation
, abv 1.5168/75 res area wud extend twds 1.5209 but
reckon 1.5250 wud cap upside n yield retreat.

Trade fm long side with stop as indicated, below
wud risk one more fall to 1.5060/70...

   Rate:     +1.5205+
   Strategy:     +Target met+
   Position:     Long at 1.5130
   Objective:     1.5205
   Stop-Loss:     
   Resistance:     1.5209/1.5250/1.5282
   Support:     1.5110/1.5078/1.5006
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Update Time:     14 Jul 2009 15:05GMT
EUROPEAN CLOSING USD/CHF OUTLOOK - 1.0875

Despite intra-day anticipated breach of 1.0864,
abv 1.0890 is needed to signal near term decline fm
1.0924 has ended earlier at 1.0807 n bring re-test
of said res, otherwise, risk is seen for pullback
to 1.0830/40 b4 prospect of another rise later.

Exit intra-day long n look to buy again on dips
as aforesaid sup at 1.0807 wud remain intact.

   Rate:     1.0875
   Strategy:     Exit long
   Position:     Long at 1.0845
   Objective:     
   Stop-Loss:     
   Resistance:     1.0890/1.0924/1.0956
   Support:     1.0807/1.0780/1.0751
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Update Time:     14 Jul 2009 11:39GMT
DAILY USD/CAD OUTLOOK - +1.1440+

Usd's selloff below 1.1543/47 signals temp. top
has been made at 1.1725 last week n a correction of
recent upmove to 1.1438 is seen b4 recovery occurs.

Trade fm short side, stop as indicated n only
abv 1.1602 (prev. sup) defers, risks 1.1640/50...

   Rate:     +1.1440+
   Strategy:     +Target met+
   Position:     Short at 1.1530
   Objective:     1.1440
   Stop-Loss:     
   Resistance:     1.1496/1.1547/1.1602
   Support:     1.1438/1.1418/1.1366
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Update Time:     14 Jul 2009 06:07GMT
INTRA-DAY AUD/USD OUTLOOK - +0.7860+

Aud's breach of 0.7845 (Aust.) signals the rise
fm y'day's low at 0.7700 to retrace recent decline
has resumed n further gain twd 0.7864 wud be seen,
however, reckon upside shud be ltd n previous res
at 0.7892 wud hold, yield retreat later.

Trade fm long side with stop as indicated n only
below 0.7814 (Asia) wud risk weakness to 0.7780/85.

   Rate:     +0.7860+
   Strategy:     +Target met+
   Position:     Long at 0.7825
   Objective:     0.7860
   Stop-Loss:     
   Resistance:     0.7864/0.7892/0.7935
   Support:     0.7814/0.7779/0.7732
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Update Time:     14 Jul 2009 05:23GMT
DAILY EUR/GBP OUTLOOK - 0.8610

Although euro's anticipated weakness suggests
erratic upmove fm 0.8400 has formed a temp. top at
0.8699 y'day, intra-day bounce fm 0.8589 suggests
consolidation is seen n a recovery twd 0.8640/42
cannot be ruled out b4 prospect another retreat.

Wud be prudent to exit short n stand aside. Only
below said sup brings stronger retrace. twd 0.8550.

   Rate:     0.8610
   Strategy:     Exit short
   Position:     Short at 0.8655
   Objective:     
   Stop-Loss:     
   Resistance:     0.8642/0.8699/0.8734
   Support:     0.8589/0.8537/0.8513
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Update Time:     14 Jul 2009 02:59GMT
DAILY AUD/USD OUTLOOK - 0.7830

Although aussie's anticipated firmness suggests
the upmove fm y'day's 0.7700 low to retrace recent
decline may extend marginally, reckon price wud
falter well below previous res at 0.7892 n risk has
increased for a retreat later.

Wud be prudent to exit long n stand aside. Below
0.7779 indicates correction possibly over, 0.7732.

   Rate:     0.7830
   Strategy:     Exit long
   Position:     Long at 0.7755
   Objective:     
   Stop-Loss:     
   Resistance:     0.7864/0.7892/0.7935
   Support:     0.7779/0.7732/0.7700

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