Major Currencies Analysis 6/01/2011 FXCBS

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Thursday January 6 , 2011

Major Currencies Analysis

EUR/USD

http://www2.fxcbs.com/newsletter/images/EURUSD.gif

We expect today that the pair Euro against the U.S. dollar will make a correction movement to retest the resistance level at 1.32400 before continuo it’s falling down to the level of 1.30800 then 1.30270.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
EUR/USD 1.32000 1.32597 1.33500 1.32000 1.30945 1.30397 1.29493

GBP/USD

http://www2.fxcbs.com/newsletter/images/GBPUSD.gif

We may see today a some witness around the level of 1.55100 before it can continuo the declining which was started yesterday , today we expect that the pair will touch the level of 1.54400, stability of the trading below the level 1.56000 necessary to achieve these expectation .

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
GBP/USD 1.55627 1.56627. 1.56917 1.55307 1.54655 1.54168 1.53365

USD/JPY

http://www2.fxcbs.com/newsletter/images/USDJPY.gif

The determined indicators for the pair U.S. dollar against the Japanese Yen showing a saturation in the purchasing process , so we expect that the pair finish it’s correction movement and it will decline again today.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/JPY 83.658 84.069 84.766 82.835 82.830 82.425 81.728

USD/CHF

http://www2.fxcbs.com/newsletter/images/USDCHF.gif

The pair U.S. dollar against the Swiss Franc penetrate yesterday the critical resistance point at 0.96300 that push the pair to rise more today , but we can see a saturation in the purchasing process which will may cause some fluctuation for the pair around the level 0.96600 before rise up more .

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CHF 0.97175 0.97770 098787 0.96037 0.96037 0.95390 0.94373

AUD/USD

http://www2.fxcbs.com/newsletter/images/AUDUSD.gif

We expect for the pair Australian dollar against the U.S. dollar will rise up to the level of 1.00550 then it will fall down in a correction movement, determined indicators supporting our expectation, we can see there is saturation in the purchasing process.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
AUD/USD 1.00039 1.00205 1.00477 0.99827 0.99709 0.99543 0.99271

USD/CAD

http://www2.fxcbs.com/newsletter/images/USDCAD.gif

We expect today that the pair U.S. dollar against the Canadian dollar will rise up to retest the level of 1.00000; determined indicators given positive sign lead us to expect that.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CAD 1.00156 1.00480 1.01017 0.99778 099510 0.99186 0.98649

Major Currencies Analysis
http://www2.fxcbs.com/newsletter/major-analysis.html