Hollyoaks Babes Official Calendar 2010

Dollar is falling strongly across the board, reaching a fresh intraday high of 1.4440 agaisnt the Euro at the moment of writing; today U.S. disappointing unemployment data is weighting on the pair, and despite a retest of the 1.4300 area, pair rebounded strongly to the upside, as gold and oil gain upside momentum.

Quoting at the 1.4425 level, pair has first resistance at today’s high of 1.4440, ahead of this week high of 1.4482; supports from current level come at 1.4400 and 1.4365 area.

Both Australian and Canadian dollar had accelerated their rally against dollar, with AUD near weekly high and Canadian dollar barely 3 pips away from its 12-week high printed yesterday against dollar.

AUD/USD quotes around 0.9240, very close to the weekly high of 0.9265. Supported by gold that approaches to the $ 1140/oz area, Australian dollar has been rising since early 2009, overcoming at these levels, past December opening. Above mentioned high, pair could find next resistance at the 0.9320 area, past October and December highs.

USD/CAD has been trending lower since past December 31st, accelerating after breaking the base of the daily range around 1.0410. Quoting around 1.0304, pair is set to close the week under a weekly ascendant trend line, coming from past November 2007 lows around 0.9056. Under 1.0290 this week low, next support level comes at 1.0260 area, daily low from past October 16th, 19th, and 20th.

Photography by Peter Lippmann

The Sterling has found support against the Greenback after falling around 150 pips from 1.6150 in the early European morning to reach 1.5985 in the last hour. GBP/USD has bounced at this level and it has begun to rise back to trade above 1.6050 level. Currently the pair is moving around 1.6035/45, 0.35% below today's opening price action at 1.6080.

TJ Marta, Chief Market Strategist at Marta on the Markets, comments: “Cable (1.6007) is down overnight after trading to a new high since mid-December yesterday. It remains within the 1.60-1.68 range that has held for most of the time since June. Technical support lies at 1.5833 (Dec30 low) and then 1.5708 (Oct low). Resistance lies at 1.6241 (Jan4 high), 1.6411 (Dec 16 high), 1.6878 (Nov16 high) and 1.7043 (Aug high). The strongest correlates over the past two months for GBP/USD have been the DXY (negative), EUR/USD (positive), the S&P (positive) and crude oil (positive).”

The Kshitij Consultancy Service Team affirms: “Cable has fallen sharply during the day. It is likely to fall further towards 1.5850 over the next couple of days. The 200-DMA having been breached, the pair may come down after some sideways movement towards the 55-week MA (1.5659). The sideways range that we are looking at is a broad 1.5850-1.6250. Once this range is broken, a fall towards the 55-week MA looks very likely. Once there, we might have to study for an even further fall on a confirmation of the double top formation on the weekly charts.”