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BFI: Currency market commentary

30.06.2008 10:24 poniedzia³ek

Good morning. Today we don't expect any bigger movements. Here are our market forecasts.


EUR\USD:A breach of 1.5805/15 would suggest a test of the key resistance at 1.5860. For now, resistance is expected, with pullback level at 1.5770, and support at 1.5720.
USD\JPY: Below 106.60, seen as a resistance, is seen testing support towards 105.30. Below the latter, the next target is 104.70
USD\CHF: Below 1.0250, is seen testing supports, with 1.0120 as the last main level, before 1.0000. For now the market is testing a downside breach of 1.0160. Resistance is at 1.0250.
GBP\USD: Main target is at 2.0030. However, the currency pair is meeting resistance in its rebound. Between 1.9830 and 1.9950, test of 1.9995 might be seen.


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