Tuesday April 20, 2010 - 11:52:01 GMT
Share This Story
FX Thoughts for the Day - www.fxthoughts.com
FX Thoughts for the day : 20-Apr-2010 - 1150 GMT
EURO, JAP YEN and EURO-YEN
Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY by registering at
Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below
USD-CHF @ 1.0623/27...Mixed
R: 1.0660-70 / 1.0700-16 / 1.0750
S: 1.0603 / 1.0567 / 1.0521
Dollar-Swiss came down in the European session today to test the Support at 1.0603. We may see the pair rise towards 1.0650-75 in the US session today, followed by fresh fall towards 1.0575-50 in the coming sessions over today and tomorrow. However, a strong surge beyond 1.0650 (less chances) may see the pair go up towards 1.0700 in the US sessions today.
GBP-USD @ 1.5387/89...Bullish
R: 1.5440-50 / 1.5495-1.55 / 1.5530
S: 1.5350 / 1.53 / 1.5220-00
Cable has risen further breaking above the Resistance at 1.5340 mentioned earlier. The overall bullish sentiment is intact for a rise to 1.55-56 in the coming days.
Support is seen at 1.5330-00 region which is expected to hold in the US session today. The 21-DMA (currently at 1.5218) and the Trendline Support at 1.5170 on the weekly candles are the significant Support levels seen below 1.53.
AUD-USD @ 0.9303/06...Mixed
R: 0.9325 / 0.9350 / 0.9405
S: 0.9275-50 / 0.9225 / 0.9158
Aussie has moved up in the European Session today to touch a high of 0.9314. While below 0.9325, We may see some downmove on the pair towards 0.9275-50 in the US session today, which may hold followed by a another upmove towards 0.9300. However, a strong break above 0.9325 may see it surge towards 0.9350-9400 in the coming sessions over today and tomorrow.
Forex Trading News
Daily Forex Market News
Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."