Major Currencies Analysis 13/12/2010 FXCBS

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Monday December 13 , 2010

Major Currencies Analysis

EUR/USD

The pair Euro against the U.S. dollar open below the resistance level 1.32080, the MA 50 still pushes the pair to decline more but we can see a positive sign coming from the determined indicators, these sign may lead the pair to rise again to the level of 1.32490 before it could back down again.

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

GBP/USD

Determined indicators for the pair Sterling against the U.S. dollar show positive sign which may cause an up intraday for the pair to retest the resistance level at 1.58350 before continuo its decline these expectations require stability of the trading above the level of 1.56800.

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

USD/JPY

We expect for a pair U.S. dollar against the Japanese Yen a bullish intraday initially targeting areas around 84.580 , but before that done the pair will decline because of the saturation in the purchasing process to the level of 83.790.

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

USD/CHF

We expect for the pair U.S. dollar against the Swiss franc a witness some fluctuation between the mentioned support 0.98000and resistance at 0.98500, before decline to the level 0.97250 then 0.96800.

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

AUD/USD

The MA 50 still push the pair Australian dollar against the U.S. dollar up and we could see a positive sign through determined indicators , so we expect a bullish intraday for the pair to the level 0.99450 then to the level 0.99990.

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

USD/CAD

Momentum indicators for the pair U.S. dollar against the Canadian dollar are currently appearing neutral with more fluctuation witnessed , but we expect that the pair will decline to the level of 0.99250, these expectation require stability below the level of 1.01400.

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



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