Daily FX Market Comment 14/4

EUR/USD 1.1108. EUR as expected fell to 1.0935 yesterday before the rather strong rally, which should test 1.1150/55 or 1.1175/80. Minor support is at 1.1085 & below that 1.1060. Despite this strength, EUR is likely to edge down from these levels to 1.1060/65.

USD/CHF 1.3595. Anticipated short term push higher to 1.3770 materialized before the strong sell off. Dollar may extend its losses further towards 1.3525/10 or 1.3465/60. Resistances are at 1.3635 & 1.3665.

USD/JPY 119.54. Short term pictures hint at downside potential up to 119.00 while below 119.75/80.

GBP/USD 1.5945. Cable turned up from 1.5855, slightly above our suggested 1.5845 level. It should climb to 1.6005/15 now while 1.5915/05 is expected to lend support.

EUR/CHF 1.5108. EUR may grind higher to 1.5135/50. Support is at 1.5065/45.

EUR/JPY 132.79. EUR should have enough vigour to test 133.45/65 in short term. Supports are at 132.45 & 132.25.

EUR/GBP 0.6962. EUR is likely to run into resistance near 0.6975/95 for a drop to 0.6940/35.

AUD/USD 0.6227. Short term rise to 0.6255/60 is looked for. Support is at 0.6195/85.

USD/CAD 1.4390. Dollar should fall to 1.4310. Resistance is at 1.4460/75.

Source : http://www.realtimeforex.com/newsadmin/user_daily_market_e.asp
 
EUR/USD 1.1173. EUR found support above 1.1100 to test our 1.1185 target yesterday. Though it has met one target short term pictures hint at one more move higher to 1.1205/25 or 1.1245/50. Supports are at 1.1145 & 1.1095.

USD/CHF 1.3535. Dollar bearishness should push it down to 1.3505 or 1.3485/60. Resistances are at 1.3575 & 1.3635.

USD/JPY 118.80. Short term pictures hint at further downside potential up to 118.35/05 while below 119.00/15.

GBP/USD 1.6001. Cable should progress to 1.6085/1.6105 as supports at 1.5945 & 1.5900 are expected to halt its corrective declines.

EUR/CHF 1.5149. Expect EUR to trade higher to 1.5205/45 while above 1.5085/80.

EUR/JPY 132.85. EUR may test 133.65/85. Supports are at 132.50 & 132.15.

EUR/GBP 0.6982. EUR should climb to 0.7020/25 while above 0.6955/45 in the short term.

AUD/USD 0.6265. Short term rise to 0.6275/0.6300 is to be followed by drop to 0.6230/25.

USD/CAD 1.4290. Short term fall to 1.4260/50 is to be followed by a rise of 80/100 points.
 
EUR/USD 1.1238. Dollar is getting battered all around & EUR should climb to 1.1315 or 1.1350/65 now. Daily pictures targets fall near 1.1365 & 1.1415. Supports are at 1.1220 & below that 1.1185.

USD/CHF 1.3445. More Dollar falls to 1.3350 or 1.3275 are anticipated. Resistances are at 1.3485 & 1.3515.

USD/JPY 118.72. Dollar should continue its slide towards 117.65/35 as 119.15/25 caps its upside attempts.

GBP/USD 1.6094. Cable should progress to 1.6195/1.6235 as support at 1.6045/30 is expected to halt its corrective declines.

EURCHF 1.5113. Short term fall to 1.5055/45 is expected while below 1.5125/40.

EUR/JPY 133.41. EUR may test 133.70/75 or 134.05/10. Supports are at 133.05 & 132.75.

EUR/GBP 0.6978. No change in view. EUR should climb to 0.7020/25 while above 0.6955/45 in the short term.

AUD/USD 0.6321. AUD has gained a lot of strength & should test 0.6355/75. Supports are at 0.6300 & 0.6275.

USD/CAD 1.4190. Short term fall to 1.4145/30 is expected. Resistances are at 1.4225 & 1.4255.
 
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