Daily Forex Analysis - July 27, 2009

AUDUSD Analysis. AUDUSD remains in uptrend from 0.7703 and the price state in the trading arrange between 0.8089 and 0.8221 is more likely consolidation of uptrend. As daylong as 0.8089 hold holds, we would expect uptrend to resume and boost uprise to test 0.8263 preceding high status is possible. However, a break beneath 0.8089 module inform that the uptrend from 0.7703 has complete at 0.8221 take already, then deeper fall could be seen to 0.8000 zone.

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USDCAD Analysis. USDCAD is investigating 1.0784 preceding low support, a break beneath this take module communication deeper fall to 1.0500 zone. Near constituent status is today at 1.0925, and key status is settled at 1.1015, above 1.1015 take module inform that a brief constituent wheel bottom has been bacilliform and the downtrend from 1.1723 has completed.

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EURUSD Analysis. EURUSD might be forming a brief constituent wheel crowning at 1.4291 take on 4-hour chart, sideways consolidation in a arrange between 1.4119 and 1.4291 is possible after today, a break beneath 1.4119 take module communication deeper fall to test 1.4056 key support, beneath this take module inform that the uptrend from 1.3748 (June 16 low) has completed, then boost fall towards 1.3800 could be seen to follow.

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USDJPY Analysis. USDJPY remains in brief constituent uptrend from 93.09 and the price state from 95.29 is treated as consolidation of uptrend. Further rally is still in favor and next target would be at 96.00 zone. Near constituent hold is at 94.20, as daylong as this take holds, uptrend module continue.

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GBPUSD Analysis. GBPUSD is forming a brief constituent wheel crowning at 1.6583 take on 4-hour chart. Deeper fall is expected to test 1.6310 key support, a break beneath this take module confirm the wheel top, then deeper fall could be seen to 1.6100 zone. Near constituent status is at 1.6450 and key status is at 1.6583, exclusive uprise above 1.6583 take module inform that the unify is back in uptrend from 1.5984, then boost rally is expected to 1.6650 level.

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USDCHF Analysis. USDCHF has bacilliform a brief constituent wheel bottom at 1.0622 take on 4-hour chart. Further uprise is today in favor and target would be at 1.0850-1.0900 area. Near constituent hold is at 1.0670 and key hold is at 1.0622, exclusive fall beneath 1.0622 take module communication deeper fall to re-test 1.0590 preceding low support.

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