Tuesday December 27, 2005 - 11:51:24 GMT
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FX Thoughts for the Day - www.fxthoughts.com
FX Thoughts for the day - Evening - 27-Dec-2005....1140 GMT
MERRY X'MAS and a HAPPY NEW YEAR!
Nothing much has happened since the morning in any pair except the Cable, which has moved up a bit to 1.7369.
Still, the Cable has Resistance at 1.7400 to reckon with. It remains bearish while it trades below 1.7400. In case of a climb above that, the picture could become muddled for a few days and the Cable may trade between 1.73 and 1.75.
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No trades today, except our Short Aussie position at 0.7287, which we continue to hold.
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