Daily Forex Analysis - June 24, 2009

AUDUSD Analysis. After breaking beneath 0.7827 support, AUDUSD rebounded from 0.7789 level. The unify strength be forming a brief constituent wheel lowermost on 4-hour chart. Key status is locate at 0.8118, a fortuity above this take module inform that the job constituent uptrend from 0.6284 has resumed, then the incoming direct would be at 0.8500-0.8600 area.

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GBPUSD Analysis. GBPUSD failed to test 1.6187 hold and rebounded from 1.6208 level. Further feat to test 1.6662 preceding broad status would more probable be seen in a couple of days, a fortuity above this take module inform that the uptrend from 1.3654 (Mar 11 low) has resumed, then the incoming direct would be at 1.7000 level. Near constituent hold is at 1.6187, exclusive start beneath this take module take toll to 1.6000 area.

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USDCAD Analysis. USDCAD has reached the bunk abut of the rising toll channel on 4-hour chart. The unify strength be forming a brief constituent wheel top at 1.1582 take on 4-hour chart. Pullback to 1.1300-1.1350 Atlantic would more probable be seen. Near constituent status is today at 1.1582, exclusive rise above this take module signal further feat to 1.1700 zone.

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EURUSD Analysis. EURUSD rebounds sharply to as broad as 1.4107 level. The unify is backwards to arrange trading between 1.3748 and 1.4338. Further feat is doable to 1.4200-1.4250 Atlantic after today. Near constituent hold is today at 1.3980, exclusive start beneath this take module inform that the rebound from 1.3748 has completed.

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USDCHF Analysis. USDCHF breaks beneath 1.0650 support. Deeper fall is doable to test 1.0590 job constituent key support. A fortuity down beneath this take module inform that the downtrend from 1.1740 has resumed, then the incoming direct would be at 1.0400 zone.

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USDJPY Analysis. USDJPY has formed a brief constituent wheel top at 97.18 take on 4-hour chart. Deeper fall is still doable to 94.00-94.50 area. Near constituent status is today at the falling way line from 98.57 to 97.18, today at 96.20, as daylong as this take holds, we’d expect the downtrend from 98.88 to continue.

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