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Major Currencies Analysis 23/12/2010 FXCBS

 
 
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      12-23-2010, 09:09 AM
Thursday December 23 , 2010

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 the level 1.31800 first then to the level 1.32550 , the level of 1.30770 contain a strong support for the pair so the pair need to get more determined to breakthrough this level also the determined indicators support our expectations .

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
EUR/USD 1.31280 1.31538 1.32003 1.31189 1.30688 1.30404 1.29939

GBP/USD

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

We expect today a correction movement for the pair Sterling against the U.S. dollar to the level 1.55000 then it may extend to the level of 1.55550, the support level 1.53850 was strong support in front of the pair , but we can still says that the general trend for the pair is bearish .

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
GBP/USD 1.54080 1.54553. 1.55174 1.54099 1.53418 1.53039 1.52418

USD/JPY

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

The pair U.S. dollar against the Japanese Yen go down sharply yesterday , we expect this down side will continuo to the level 38.2% around the level 82.800 then if it can penetrate this level it may go down to 82.250.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/JPY 83.660 83.788 83.987 83.603 83.426 83.300 83.107

USD/CHF

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

We may see today some fluctuation for the pair U.S. dollar against the Swiss Franc around the level of 0.95000 to get red from saturation which is seen through selling process on the determined indicators , then we expect the pair will continuo it’s falling down to the level 0.94500.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CHF 0.95400 0.95651 0.96048 0.95364 0.94924 0.94681 0.94282

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 may see some fluctuation around the level of 1.01150 for the pair U.S. dollar against Canadian dollar to get red from the saturation in the selling process then we expect that the pair will fall down to the level of 1.00660 then 1.00200.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CAD 1.01475 1.01659 1.01961 1.01395 1.01107 1.00923 1.00621

Major Currencies Analysis
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