Intraday EUR/USD: The euro is back at levels seen in October 2007. Currently minor resistance at $1.4310 is being probed, the currency pair having recovered from Friday morning’s $1.4212 low. Resistance above $1.4310 is seen around $1.4365, January’s low. Minor support below $1.4212 is found around $1.4171 and at $1.4126, the Oct. 23 and Oct. 22 2007 lows.
Weekly chart EUR/USD trend:Bearish.
Intraday USD/JPY: The dollar fell to Y105.67 Friday morning before stabilizing, and recovering towards the Y107.00 minor resistance area. In case of an advance above this, Y107.23, the 50% Fibonacci retracement of the July-August advance, will be in sight. Minor resistance above Y107.23 is seen at Y107.62, Monday’s low. Support is currently found at Y106.41, the 61.8% Fibonacci retracement, and at Y105.67.
Weekly chart USD/JPY trend: : Capped.
Intraday GBP/USD: Sterling found support at levels last seen in April 2006 when hitting a low at $1.7549 Friday morning. Below this support may be found around $1.7485, the April 13 2006 low, and around $1.7386, the April 10 2006 low. Minor resistance at $1.7638, late January 2006’s low, is currently in focus. Further resistance comes in at $1.7670.
Weekly chart GBP/USD trend: Bearish.
Intraday USD/CHF: Intraday USD/CHF: The dollar remains bullish, and once again targets the CHF1.1150 resistance area, provided CHF1.1098 minor support holds. If not, a retracement towards CHF1.1055 and the CHF1.1030 minor support area may unfold.
Weekly chart USD/CHF trend: Bullish.
Intraday EUR/GBP: The euro nearly closed Monday’s gap, printing GBP0.8075, the Aug. 29 high, Friday morning, and is now back on track to reach GBP0.8138 minor resistance. Above this lurks GBP0.8150. Minor support is found around GBP0.8112 and GBP0.8098.
Weekly chart EUR/GBP trend: Bullish.
Intraday EUR/JPY: The euro dropped like a stone to Y150.60 early Friday, last seen in August 2007. Since then it has recovered somewhat, and is back around Y152.98 minor resistance, a move above which has Y153.26, Thursday’s low, in focus. Minor support is at Y151.70, March’s low.
Weekly chart EUR/JPY trend:Bearish.
Intraday EUR/CHF: The euro fell to CHF1.5810 early Friday, a slide through which will have CHF1.5763, the April 14 low, in view. Provided CHF1.5810 support continues to hold, CHF1.5958 minor resistance may be reached, early April’s high. Above this sits CHF1.5990, July’s low.
Weekly chart EUR/CHF trend: Capped.
Intraday AUD/USD: The Australian dollar tumbled to levels last seen in September 2007 early Friday when it hit US$0.8131. This is close to minor support at US$0.8107, late August 2007’s low. Minor resistance is seen around US$0.8220, Thursday’s low, and around US$0.8250.
Weekly chart AUD/USD trend: Bearish.
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