Replies to post #13185 on Mostly: Classical

[Frank Pembleton]

TECHNICALS-Forex market views and key levels

 
  
     NEW YORK, April 22 (Reuters) - Following is a selection of  
 comments from analysts on important technical developments in  
 the foreign exchange market:  
      
     ANDREW CHAVERIAT, FOREIGN EXCHANGE TECHNICAL ANALYST, BNP  
 PARIBAS, NEW YORK:  
     EURO/DOLLAR: "Short term: since cable (sterling/dollar) is  
 leading euro/dollar moves, it should show the way for  
 euro/dollar.  Favor euro/dollar forming a secondary high today  
 (...at/below yesterday's $1.3125 high)."  
      
     PAUL D. MENDELSOHN, CHIEF INVESTMENT STRATEGIST, WINDHAM  
 FINANCIAL SERVICES, INC. CHARLOTTE, VERMONT:  
     DOLLAR INDEX: "There is a three-year downtrend line sitting  
 around 83.78."  
     "If we can cross above the 85.45 level; above the 200-day  
 moving average and above the 3-year downtrend line, that would  
 give me a buy signal,"  
     "The dollar index has hit a double bottom, between the 1995  
 low and 80.39 on the last trading day of 2004: that would be  
 critical support...and is now consolidating."  
  
 Currency bid prices at 1:59 p.m. EDT (1759 GMT). All data taken  
 from Reuters calculated from the levels at 4:30 p.m. EDT (2030  
 GMT) in the previous New York session.  
  
                       Last  US Close    %      YTD     2004  
                             21 April  Change %Change    Close  
 -------------------------------------------------------------  
 Euro/dlr   <EUR=>    1.3048   1.3052   -0.03   -3.76   1.3558  
 Dlr/yen    <JPY=>    105.90   106.86   -0.90   +3.37   102.45  
 Euro/yen   <EURJPY=> 138.22   139.56   -0.96   -0.48   138.88  
 Dlr/swiss  <CHF=>    1.1837   1.1822   +0.13   +4.02   1.1380  
 Stg/dlr    <GBP=>    1.9132   1.9086   +0.24   -0.27   1.9184  
 Dlr/cad    <CAD=>    1.2353   1.2390   -0.30   +2.70   1.2028  
 Aus/dlr    <AUD=>    0.7812   0.7763   +0.63   -0.09   0.7819  
 Euro/swiss <EURCHF=> 1.5449   1.5438   +0.07   -0.11   1.5466  
 Euro/stg   <EURGBP=> 0.6817   0.6836   -0.28   -3.56   0.7069