Currencies Outlook

AUD/USD Daily Outlook

Monday, 06 February 2012 18:01
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AUD/USD fails to extend recent again and retreats mildly today. Intraday bias is turned neutral for some consolidations. But after all, near term outlook remains cautiously bullish with 1.0525 support intact. Recent rise is still in favor to continue. As noted before, prior break of 1.0752 serves as the first
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USD/CAD Daily Outlook

Monday, 06 February 2012 18:01
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Near term outlook in USD/CAD remains bearish for the moment with 1.0070 resistance intact. Current fall should continue to 0.9891 support first. Break will extend the whole decline from 1.0656 towards 100% projection of 1.0656 to 0.9891 from 1.0522 at 0.9763. On the upside, however, note that break of 1.0070
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USD/JPY Daily Outlook

Monday, 06 February 2012 18:00
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Intraday bias in USD/JPY remains neutral for the moment and some more consolidations could be seen above 76.02 temporary low. Recovery from there might extend to 55 days EMA (now at 77.12). Though, note that we'll stay bearish as long as 78.28 resistance holds and expect further decline ahead. Below
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USD/CHF Daily Outlook

Monday, 06 February 2012 18:00
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USD/CHF's consolidation from 0.9114 is still in progress and intraday bias remains neutral. Note that while another recovery cannot be ruled out, we'd expect upside to be limited by 38.2% retracement of 0.9594 to 0.9114 at 0.9297 and bring fall resumption. As noted before, considering bearish divergence condition in daily
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GBP/USD Daily Outlook

Monday, 06 February 2012 18:00
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Intraday bias in GBP/USD remains neutral for the moment as consolidation from 1.5882 temporary top continues. But after all, note again that near term outlook stays cautiously bullish as long as 1.5641 cluster support holds (38.2% retracement of 1.5234 to 1.5882). Above 1.5882 will target a test on 1.6165 key
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EUR/USD Daily Outlook

Monday, 06 February 2012 18:00
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EUR/USD is staying in sideway consolidation below 1.3233 and intraday bias remains neutral for the moment. On the upside, sustained break of 38.2% retracement of 1.4246 to 1.2625 at 1.3244 will resume the rebound from 1.2625 and target 61.8% retracement at 1.3627. On the downside, break of 1.2931 minor support
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EUR/GBP Daily Outlook

Monday, 06 February 2012 18:00
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At this point, we continue to favor the case that consolidation from 0.8221 is finished at 0.8409 already. Intraday bias remains mildly on the downside for 0.8221 first. Break there will confirm resumption of recent fall from 0.9083 and should target a test on 0.8067 key support level next. On
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