Sunday, 21 July 2013

Notes for FX Majors for Week 220713 - 260713

- Could be potentially have a short-term upside for both EU and GU to test 1.32 and 1.53 respectively before falling.

- As for AU, it is most likely to be falling to retest the support of around 0.9 level. It remains range bound and resisted by the falling channel.

- USD/JPY, it seems like more upside is coming. However, how the election results will affect the Japanese Yen is still a mystery.

- For the Dollar against the Swiss Franc, it definitely looks like it will be heading down in the short-term to test the level of around 0.935. On the mid-term, Usd/chf looks like it will move up higher.


** The US Dollar Index do looks like it will move lower to test the 82.00 level. So the views above for EU, GU and UC are pretty much in line.

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