SINGAPORE (Dow Jones)--Following are expected trading ranges and outlooks for nine major currency pairs today:

 
          Immediate Range   Larger Range 
USD/JPY    93.77-94.63      93.40-95.06 
EUR/USD   1.4251-1.4343    1.4199-1.4361 
AUD/USD   0.8335-0.8370    0.8214-0.8429 
NZD/USD   0.6829-0.6873    0.6813-0.6898 
GBP/USD   1.6273-1.6387    1.6030-1.6443 
USD/CHF   1.0580-1.0640    1.0561-1.0655 
USD/CAD   1.0774-1.0872    1.0717-1.0942 
EUR/JPY   133.93-135.29    132.88-135.85 
EUR/GBP   0.8724-0.8765    0.8703-0.8794 
 

(Ranges are calculated using recent high and lows, information on the placement of option strikes, and technical analysis - Fibonacci levels, trendlines and moving averages.)

USD/JPY - to range-trade. USD/JPY underpinned by broadly stronger USD undertone as oil prices retreated sharply from fresh 2009 highs (Nymex crude settled down $2.32 at $72.05/barrel), U.S. Conference Board consumer confidence index rose to 54.1 in August (vs 47.0 forecast), S&P Case-Shiller home-price indexes show U.S. home prices up 2.9% in 2Q for first gain in 3 years. USD/JPY also supported by USD demand for Japan import settlements; but gains tempered by Japan exporter sales, lower U.S. Treasury yields, unwinding of JPY-funded carry trades on diminished investor risk appetite after U.S. stocks pared early strong gains to close modestly higher at new highs for 2009 (DJIA up 0.32%, Nasdaq up 0.31%). Data focus: 2350 GMT Japan July provisional trade statistics, July corporate service price index, 1230 GMT U.S. July durable goods, 1400 GMT U.S. July new home sales, 1430 GMT U.S. Aug. 21 Energy Dept oil inventories, 1610 GMT Fed's Lockhart speaks. USD/JPY daily chart mixed as MACD bearish, but stochastics bullish at oversold. Support at 93.77 (yesterday's low); breach would target 93.40 (Friday's low), then 93.07 (July 22 reaction low) and 92.69 (July 14 low). Resistance at 94.63 (yesterday's high); breach would expose upside to 95.06 (Monday's high), then 95.15 (55-day moving average), 95.28 (Aug. 18 high) and 95.46 (Aug. 14 high).

EUR/USD - to consolidate with risks skewed lower. Spotlight on 0800 GMT German August Ifo business climate index. EUR/USD undermined by stronger USD sentiment, unwinding of long-EUR carry trades on lower investor risk appetite, contagion from GBP weakness. EUR/USD daily chart mixed as stochastics bullish, but MACD neutral. Support at 1.4251 (yesterday's low); breach would expose downside to 1.4199 (Thursday's low), then 1.4109 (55-day moving average), 1.4081 (Aug. 19 low) and 1.4044 (Aug. 17 reaction low). Resistance at 1.4343 (hourly chart), then at 1.4361 (yesterday's high); breach would target 1.4375 (Friday's high), then 1.4414 (Aug. 7 high), 1.4446 (Aug. 5 top) and 1.4719 (Dec. 18 top).

AUD/USD - to consolidate with risks skewed lower. AUD/USD undermined by stronger USD sentiment, unwinding of long-AUD carry trades on weaker risk appetite, contagion from GBP weakness, softer commodity prices (CRB spot index closed down 3.86 at 257.36). But AUD/USD losses tempered by Aussie-U.S. yield gap. Data focus: 0100 GMT Australia August skilled vacancies index, 0130 GMT Australia 2Q construction work done. AUD/USD daily chart mixed as stochastics bullish, but MACD in bearish mode. Support at 0.8335 (yesterday's low); breach would expose downside to 0.8214 (Friday's low), then 0.8172 (Aug. 19 low) and 0.8153 (Aug. 17 reaction low). Resistance at 0.8370 (hourly chart); breach would expose upside to 0.8429 (Monday's high), then 0.8477 (Aug. 14 high) and 0.8519 (Sept. 22, 2008 reaction high).

NZD/USD - to consolidate with risks skewed lower after hitting nearly 11-month high at 0.6898 yesterday, undermined by stronger USD sentiment, unwinding of long-NZD carry trades on waning risk appetite, contagion from GBP weakness. But NZD/USD losses tempered by Kiwi-U.S. yield advantage. NZD/USD daily chart mixed as stochastics bullish, but MACD neutral. Support at 0.6829 (yesterday's low), then at 0.6813 (Monday's high); breach would expose downside to 0.6711 (Friday's low), then 0.6661 (Aug. 19 low), 0.6639 (Aug. 17 low) and 0.6594 (Aug. 12 reaction low). Resistance at 0.6873 (hourly chart), then at 0.6898 (yesterday's high); breach would expose upside to 0.6951 (Sept. 22, 2008 reaction high, coinciding with 61.8% Fibonacci correction of 0.8213-0.4890 March 14 2008-March 4 2009 decline), then 0.7216 (Aug. 21, 2008 reaction high).

GBP/USD - to trade lower, undermined by stronger USD sentiment, weaker investor risk sentiment, concerns over high UK public debt, uncertainty over BOE's quantitative easing. GBP/USD daily chart negative-biased as MACD & stochastics in bearish mode. Support at 1.6273 (Aug. 17 reaction low); breach would expose downside to 1.6030 (July 13 low), then 1.5982 (July 8 reaction low) and 1.5956 (100-day moving average). Resistance at 1.6387 (hourly chart), then at 1.6443 (yesterday's high); breach would temper near-term negative bias, exposing upside to 1.6546 (Monday's high), then 1.6622 (Friday's reaction high) and 1.6664 (Aug. 13 reaction high).

USD/CHF - to consolidate with risks skewed higher, underpinned by broadly stronger USD undertone, fears of SNB's CHF-selling FX intervention. But USD/CHF gains tempered by unwinding of short-CHF carry trades on fading risk appetite. USD/CHF daily chart mixed as MACD bearish, but stochastics turning bullish at oversold. Resistance at 1.0640 (yesterday's high), then at 1.0655 (Friday's high); breach would target 1.0684 (Thursday's high), then 1.0766 (55-day moving average), and 1.0833 (Aug. 17 reaction high). Support at 1.0580 (hourly chart), then at 1.0561 (yesterday's low); breach would target 1.0549 (Friday's low), then 1.0367 (Dec. 29 trough) and 1.0026 (July 15, 2008 reaction low).

USD/CAD - to consolidate with risks skewed higher, underpinned by weaker commodity and oil prices, official concern about CAD strength - BOC Deputy Gov. Lane yesterday said possibility of persistent CAD strength posed "important risk" to economic outlook. USD/CAD daily chart mixed as stochastics bearish, but MACD in bullish mode; bullish key-reversal-day pattern completed yesterday. Resistance at 1.0872 (yesterday's high); breach would expose upside to 1.0942 (Friday's high), then 1.0994 (Thursday's high) and 1.1113 (Aug. 19 high). Support at 1.0774 (hourly chart); breach would expose downside to 1.0717 (yesterday's low), then 1.0674 (Aug. 6 low) and 1.0630 (Aug. 4 trough).

EUR/JPY - to consolidate with risks skewed lower, undermined by unwinding of carry trades amid weaker risk sentiment. Daily chart mixed as stochastics bullish, but MACD in bearish mode. Support at 133.93 (yesterday's low); breach would expose downside to 132.88 (Friday's low), then 132.16 (Aug. 19 reaction low), 132.04 (July 22 reaction low) and 131.47 (61.8% Fibonacci retracement of 127.00-138.70 July 8-Aug. 7 advance). Resistance at 135.29 (hourly chart), then at 135.85 (yesterday's high); breach would target 136.08 (Monday's high), then 136.45 (Aug. 14 high) and 137.85 (Aug. 13 reaction high).

EUR/GBP - to consolidate with bullish bias after hitting 11-week high of 0.8765 yesterday, underpinned by concerns over UK public debt and BOE's quantitative easing. EUR/GBP daily chart positive-biased as MACD & stochastics bullish, although latter overbought: suggests sideways or higher EUR/GBP trading near-term. Resistance at 0.8765 (yesterday's high); breach would target 0.8794 (June 8 high), then 0.8840 (downtrend line from Dec. 30 high of 0.9805) and 0.8869 (200-day moving average). Support at 0.8724 (hourly chart), then at 0.8703 (yesterday's low); breach would nullify near-term positive bias, exposing downside to 0.8648 (Monday's low), then 0.8571 (Thursday's low) and 0.8520 (Aug. 18 reaction low).

 
   -By Jerry Tan, Dow Jones Newswires; (65) 6415-4046; jerry.tan@dowjones.com 
 

Dow Jones CommentaryPlus Web site: http://www.djcommentaryplus.com/acs

(This article is general financial information, not personalized investment advice, as it does not consider the unique circumstances affecting an individual reader's decision to buy or sell a specific security. Dow Jones does not warrant the accuracy, completeness or timeliness of the information in this article, and any errors will not be made the basis for any claim against Dow Jones. The author does not invest in the instruments or markets cited in this article.)

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=qfqGwzzRL07xEZkd3yNjoA%3D%3D. You can use this link on the day this article is published and the following day.

(END) Dow Jones Newswires

August 25, 2009 19:34 ET (23:34 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc.

 
   By Axel Rudolph, MSTA 
   A DOW JONES NEWSWIRES COLUMN 
 

LONDON (Dow Jones)--Rolling 24-hour chart levels:

 
Forex spot:       EUR/USD    USD/JPY    GBP/USD    USD/CHF 
 
Spot 0550 GMT     1.4294     93.98      1.6395     1.0619 
3 Day Trend       Bullish    Bearish    Bearish    Bearish 
Weekly Trend      Bullish    Bearish    Capped     Bearish 
200 day ma        1.3503     94.92      1.5257     1.1231 
3rd Resistance    1.4448     94.97      1.6540     1.0732 
2nd Resistance    1.4415     94.48      1.6483     1.0671 
1st Resistance    1.4360     94.10      1.6419     1.0619 
Pivot*            1.4293     94.17      1.6404     1.0619 
1st Support       1.4270     93.85      1.6375     1.0576 
2nd Support       1.4209     93.66      1.6339     1.0553 
3rd Support       1.4181     93.42      1.6276     1.0528 
 

The following are forecasts for Tuesday's trading session. They may, at times, be at odds with the three-day and weekly trends in the table above.

Intraday EUR/USD: The euro is to slide back towards Friday's $1.4209 low, a fall through which will have support at $1.4181, the Aug. 13 low, in sight. This forecast remains valid as long as no advance above Monday's $1.4360 inside day high is made.

Weekly chart EUR/USD trend: Bullish.

Intraday USD/JPY: The dollar is heading lower again and eyes Y93.85 minor support, that's the Aug. 20 low point as can be seen on the chart below. Below this level sits the Aug. 19 Y93.66 low and the Aug. 21 Y93.42 low point. Minor resistance comes in around Y94.10 and at Y94.48.

Weekly chart USD/JPY trend: Bearish.

Click Image to Enlarge

Intraday GBP/USD: Sterling is falling towards the Aug. 19 low at $1.6375. Below it support is found around $1.6339, the July 30 low, and at $1.6276, the Aug. 17 low point. Minor resistance stands at $1.6419, Friday's low, and at $1.6483, the Aug. 14 low.

Weekly chart GBP/USD trend: Capped.

Intraday USD/CHF: The dollar is trying to recover from its eight month low at CHF1.0553 Friday, and now probes minor resistance at CHF1.0619. Above this lurks resistance at CHF1.0671, the mid-August low. Minor support floats around CHF1.0576 and CHF1.0553.

Weekly chart USD/CHF trend: Bearish.

 
Forex spot:       EUR/GBP    EUR/JPY    EUR/CHF    AUD/USD 
 
Spot 0550 GMT     0.8721     134.36     1.5180     0.8361 
3 Day Trend       Bullish    Capped     Bearish    Bouncing 
Weekly Trend      Bouncing   Bouncing   Range      Bullish 
200 day ma        0.8865     128.16     1.5139     0.7268 
3rd Resistance    0.8768     136.11     1.5250     0.8476 
2nd Resistance    0.8755     135.25     1.5234     0.8450 
1st Resistance    0.8732     134.99     1.5190     0.8411 
Pivot*            0.8718     134.63     1.5179     0.8368 
1st Support       0.8702     134.21     1.5136     0.8331 
2nd Support       0.8656     133.61     1.5110     0.8271 
3rd Support       0.8522     132.90     1.5078     0.8216 
 

Intraday EUR/GBP: The euro continues to advance and is about to retest GBP0.8732, the June 5 low, which capped the currency pair Monday. If breached, resistance at GBP0.8755 and GBP0.8768 will be in focus. These levels correspond to the May 26 low and 28 high. Minor support remains around GBP0.8702 and GBP0.8656, the Aug. 14 high.

Weekly chart EUR/GBP trend: Bouncing.

Intraday EUR/JPY: The euro is once again short-term capped and has so far fallen to Y134.21. Below this level, support is seen around Y133.61, the 38.2% Fibonacci retracement of the April-to-June advance. Minor resistance comes in around Monday's Y134.99 low and is also seen at Y135.25, the Aug. 11 low.

Weekly chart EUR/JPY trend: Bouncing.

Intraday EUR/CHF: The euro is still drawn towards Friday's CHF1.5136 low, a fall through which will have CHF1.5110 minor support in view. This level is the July low. Minor resistance is found at Thursday's CHF1.5190 high. If unexpectedly breached, resistance around CHF1.5234, the Aug. 7 low, will be in focus instead. Above this, resistance is found around CHF1.5250.

Weekly chart EUR/CHF trend: Range.

Intraday AUD/USD: The Australian dollar retraces slightly lower and may fall to US$0.8331, the Aug. 13 low before stabilizing. Further down support is found around US$0.8271, the Aug. 20 low. Minor resistance lurks around US$0.8411 Tuesday.

Weekly chart AUD/USD trend: Bullish.

* The pivot is the sum of the high, low and close divided by 3.

For more technical analysis see: Dow Jones Newswires, N/DJTA; Bloomberg, NI DJTA; and Reuters key word search "INSI-DJN"

-By Axel Rudolph, Dow Jones Newswires; +44 207 842 9249; axel.rudolph@dowjones.com

Axel Rudolph, vice president, Europe, at the International Federation of Technical Analysts and a vice president at the Society of Technical Analysts in the U.K., is Dow Jones' chief technical analyst for Europe. He was shortlisted in the best technical analyst and best equity & research strategy categories at The Technical Analyst awards 2009.

Data provided by CQG International Ltd.

(This article is general financial information, not personalized investment advice, as it does not consider the unique circumstances affecting an individual reader's decision to buy or sell a specific security or currency. Dow Jones does not warrant the accuracy, completeness or timeliness of the information in this article, and any errors will not be made the basis for any claim against Dow Jones. The author does not invest in the instruments or markets cited in this article.)

TALK BACK: We invite readers to send us comments on this or other financial news topics. Please email us at TalkBackEurope@dowjones.com. Readers should include their full names, work or home addresses and telephone numbers for verification purposes. We reserve the right to edit and publish your comments along with your name; we reserve the right not to publish reader comments.

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=qfqGwzzRL07xEZkd3yNjoA%3D%3D. You can use this link on the day this article is published and the following day.

(END) Dow Jones Newswires

August 25, 2009 02:27 ET (06:27 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc.

 
   By Axel Rudolph, MSTA 
   A DOW JONES NEWSWIRES COLUMN 
 

LONDON (Dow Jones)--Rolling 24-hour chart levels:

 
Forex spot:       EUR/USD    USD/JPY    GBP/USD    USD/CHF 
 
Spot 0615 GMT     1.4315      94.87     1.6460     1.0602 
3 Day Trend       Bullish    Bouncing?  Bearish    Bearish 
Weekly Trend      Bullish    Bearish    Capped     Bearish 
200 day ma        1.3495      94.93     1.5250     1.1237 
3rd Resistance    1.4448      95.75     1.6626     1.0732 
2nd Resistance    1.4415      95.30     1.6595     1.0671 
1st Resistance    1.4388      94.97     1.6540     1.0619 
Pivot*            1.4328      94.69     1.6490     1.0592 
1st Support       1.4308      94.48     1.6450     1.0576 
2nd Support       1.4270      94.10     1.6419     1.0553 
3rd Support       1.4209      93.98     1.6375     1.0528 
 

The following are forecasts for Monday's trading session. They may, at times, be at odds with the three-day and weekly trends in the table above.

Intraday EUR/USD: The euro eyes minor resistance at $1.4388, followed by $1.4415, and $1.4448, the current August high, even if minor support at $1.4308 is likely to be probed first though. Further support stands at $1.4270, and at Friday's $1.4209 low, as can be seen on the chart below.

Weekly chart EUR/USD trend: Bullish.

Click Image to Enlarge

Intraday USD/JPY: The dollar seems to be making a pause in its downtrend and is about to reach the Aug. 19 Y94.97 high, a break above which will have Y95.30, the Aug. 18 peak, in focus. Minor support is now seen around Y94.48 and at Y94.10, Monday's intraday low.

Weekly chart USD/JPY trend: Bearish.

Intraday GBP/USD: Sterling is slipping towards $1.6450 minor support, a decline through which will have support at $1.6419, Friday's low, in sight. Below this support is found around $1.6375, the Aug. 19 low. Minor resistance stands at $1.6540 and $1.6595, the Aug. 17 and Aug. 19 highs.

Weekly chart GBP/USD trend: Capped.

Intraday USD/CHF: The dollar is trying to recover from its eight month low at CHF1.0553 Friday, and may well test minor resistance at CHF1.0619 Monday. Above this lurks resistance at CHF1.0671, the mid-August low. This is unlikely to be reached Monday though, and instead a fall back towards CHF1.0576, and perhaps even CHF1.0553 minor support should be on the cards.

Weekly chart USD/CHF trend: Bearish.

 
Forex spot:       EUR/GBP    EUR/JPY    EUR/CHF    AUD/USD 
 
Spot 0615 GMT     0.8694     135.83     1.5178     0.8382 
3 Day Trend       Bouncing?  Bullish    Bearish    Bouncing 
Weekly Trend      Range      Bouncing   Range      Bullish 
200 day ma        0.8863     128.10     1.5139     0.7259 
3rd Resistance    0.8732     136.91     1.5250     0.8476 
2nd Resistance    0.8722     136.45     1.5234     0.8450 
1st Resistance    0.8702     136.11     1.5190     0.8411 
Pivot*            0.8690     135.67     1.5177     0.8376 
1st Support       0.8656     135.25     1.5136     0.8375 
2nd Support       0.8522     134.81     1.5110     0.8331 
3rd Support       0.8511     134.50     1.5078     0.8274 
 

Intraday EUR/GBP: The euro is about to retest Friday's GBP0.8702 high, an advance above which has GBP0.8722, the May 21 low, and GBP0.8732, the June 5 low, in view. Minor support comes in around GBP0.8656, the Aug. 14 high, and at GBP0.8522.

Weekly chart EUR/GBP trend: Range.

Intraday EUR/JPY: The euro continues Friday's advance, and eyes minor resistance at Y136.11 and then Y136.45, the Aug. 14 peak. Slips should find support around Y135.25, the Aug. 11 low.

Weekly chart EUR/JPY trend: Bouncing.

Intraday EUR/CHF: The euro is still drawn towards Friday's CHF1.5136 low, a decline through which will have CHF1.5110 minor support in sight. This level coincides with the July low. First though, minor resistance at Thursday's CHF1.5190 high is likely to be revisited though. If breached, resistance around CHF1.5234, the Aug. 7 low, should cap. Above this, resistance is found around CHF1.5250.

Weekly chart EUR/CHF trend: Range.

Intraday AUD/USD: The Australian dollar advances towards US$0.8411 minor resistance, a move above which will have the US$0.8450 minor resistance area in sight. Minor support comes in at US$0.8375 and at US$0.8331, the Aug. 13 low.

Weekly chart AUD/USD trend: Bullish.

* The pivot is the sum of the high, low and close divided by 3.

For more technical analysis see: Dow Jones Newswires, N/DJTA; Bloomberg, NI DJTA; and Reuters key word search "INSI-DJN"

-By Axel Rudolph, Dow Jones Newswires; +44 207 842 9249; axel.rudolph@dowjones.com

Axel Rudolph, vice president, Europe, at the International Federation of Technical Analysts and a vice president at the Society of Technical Analysts in the U.K., is Dow Jones' chief technical analyst for Europe. He was shortlisted in the best technical analyst and best equity & research strategy categories at The Technical Analyst awards 2009.

Data provided by CQG International Ltd.

(This article is general financial information, not personalized investment advice, as it does not consider the unique circumstances affecting an individual reader's decision to buy or sell a specific security or currency. Dow Jones does not warrant the accuracy, completeness or timeliness of the information in this article, and any errors will not be made the basis for any claim against Dow Jones. The author does not invest in the instruments or markets cited in this article.)

TALK BACK: We invite readers to send us comments on this or other financial news topics. Please email us at TalkBackEurope@dowjones.com. Readers should include their full names, work or home addresses and telephone numbers for verification purposes. We reserve the right to edit and publish your comments along with your name; we reserve the right not to publish reader comments.

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=volVj0Da4Km1o4h%2FMmQEQA%3D%3D. You can use this link on the day this article is published and the following day.

(END) Dow Jones Newswires

August 24, 2009 02:38 ET (06:38 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc.

 
   By Axel Rudolph, MSTA 
   A DOW JONES NEWSWIRES COLUMN 
 

LONDON (Dow Jones)--Rolling 24-hour chart levels:

 
Forex spot:       EUR/USD    USD/JPY    GBP/USD    USD/CHF 
 
Spot 0650 GMT     1.4237     93.76      1.6464     1.0641 
3 Day Trend       Bullish    Bearish    Bearish    Bearish 
Weekly Trend      Capped     Bearish    Capped     Range 
200 day ma        1.3486     94.94      1.5241     1.1244 
3rd Resistance    1.4415     94.48      1.6595     1.0772 
2nd Resistance    1.4328     94.19      1.6541     1.0732 
1st Resistance    1.4270     93.98      1.6483     1.0671 
Pivot*            1.4240     93.85      1.6469     1.0640 
1st Support       1.4209     93.47      1.6419     1.0619 
2nd Support       1.4181     93.09      1.6375     1.0576 
3rd Support       1.4086     92.88      1.6276     1.0563 
 

The following are forecasts for Friday's trading session. They may, at times, be at odds with the three-day and weekly trends in the table above.

Intraday EUR/USD: The euro still targets $1.4270 minor resistance and will continue to do so as long as support at Friday's $1.4209 intraday low holds. If $1.4270 resistance is breached, last week's $1.4328 high will be in focus. Minor support below $1.4209 is found around $1.4181, the Aug. 13 low.

Weekly chart EUR/USD trend: Capped.

Intraday USD/JPY: The dollar continues its descent and may well retest Friday's Y93.47 intraday low, a drop through which will have Y93.09, the July 22 low, in focus. Minor resistance sits at Y93.98 and at Y94.19, the Aug. 17 low.

Weekly chart USD/JPY trend: Capped.

Intraday GBP/USD: Sterling is slipping again and may well retest $1.6419 minor support, the low seen so far on Friday. Below it support is found around $1.6375, the Aug. 19 low point. Minor resistance stands at $1.6483, last Friday's low, and at $1.6541, as can be seen on the chart below.

Weekly chart GBP/USD trend: Capped.

Click Image to Enlarge

Intraday USD/CHF: The dollar held at CHF1.0619 support these past few days and as long as it continues to do so, should recover towards CHF1.0671 minor resistance, the mid-August low. Further resistance comes in around CHF1.0732.

Weekly chart USD/CHF trend: Range.

 
Forex spot:       EUR/GBP    EUR/JPY    EUR/CHF    AUD/USD 
 
Spot 0650 GMT     0.8649     133.59     1.5151     0.8287 
3 Day Trend       Range      Range      Bearish    Bouncing 
Weekly Trend      Range      Capped     Range      Capped 
200 day ma        0.8862     128.02     1.5139     0.7249 
3rd Resistance    0.8701     135.25     1.5250     0.8375 
2nd Resistance    0.8688     134.50     1.5234     0.8331 
1st Resistance    0.8658     133.61     1.5176     0.8289 
Pivot*            0.8647     133.68     1.5151     0.8278 
1st Support       0.8522     132.80     1.5137     0.8216 
2nd Support       0.8454     132.17     1.5110     0.8181 
3rd Support       0.8400     131.85     1.5078     0.8127 
 

Intraday EUR/GBP: The euro revisits minor resistance at GBP0.8658, a rise above which will have GBP0.8688 in sight. Minor support is now seen around GBP0.8522, Thursday's low. Below this, support comes in around GBP0.8454, Monday's low.

Weekly chart EUR/GBP trend: Range.

Intraday EUR/JPY: The euro probes Y133.61 minor resistance, a break above which will have Y134.50 and also Y135.25, the Aug. 11 low, in sight. Minor support is seen around Y132.80.

Weekly chart EUR/JPY trend: Capped.

Intraday EUR/CHF: The euro slides towards Friday's CHF1.5137 intraday low, a decline through which will have CHF1.5110 minor support in sight. This level coincides with the July low point. Minor resistance stands at Tuesday's CHF1.5176 low and at CHF1.5234, the Aug. 7 low. Above it, resistance is found around CHF1.5250.

Weekly chart EUR/CHF trend: Range.

Intraday AUD/USD: The Australian dollar tries to break above US$0.8289 and, if successful, will have US$0.8331, the Aug. 13 low, in sight. Above it, resistance comes in around US$0.8375 and at US$0.8398. Minor support floats around US$0.8216, Friday's intraday low.

Weekly chart AUD/USD trend: Capped.

* The pivot is the sum of the high, low and close divided by 3.

For more technical analysis see: Dow Jones Newswires, N/DJTA; Bloomberg, NI DJTA; and Reuters key word search "INSI-DJN"

-By Axel Rudolph, Dow Jones Newswires; +44 207 842 9249; axel.rudolph@dowjones.com

Axel Rudolph, vice president, Europe, at the International Federation of Technical Analysts and a vice president at the Society of Technical Analysts in the U.K., is Dow Jones' chief technical analyst for Europe. He was shortlisted in the best technical analyst and best equity & research strategy categories at The Technical Analyst awards 2009.

Data provided by CQG International Ltd.

(This article is general financial information, not personalized investment advice, as it does not consider the unique circumstances affecting an individual reader's decision to buy or sell a specific security or currency. Dow Jones does not warrant the accuracy, completeness or timeliness of the information in this article, and any errors will not be made the basis for any claim against Dow Jones. The author does not invest in the instruments or markets cited in this article.)

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August 21, 2009 03:09 ET (07:09 GMT)

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