Replies to post #13426 on Mostly: Classical

[amarksp]

SA Rand
http://www.investorshub.com/boards/read_msg.asp?message_id=1529621

[Frank Pembleton]

TECHNICALS-Forex market views and key levels

 
  
     NEW YORK, May 20 (Reuters) - Following is a selection of  
 comments from analysts on important technical developments in  
 the foreign exchange market:  
      
     TECHNICAL ANALYSIS TEAM, BNP PARIBAS  
     EURO/DOLLAR - "1.2725 should cap the upside."  
     DOLLAR/SWISS FRANC - "We continue to expect the  
 dollar/Swiss franc recovery to run out of steam in the 1.2290  
 area."  
     EURO/SWISS FRANC - "Rebounding, breaking through short-term  
 down trendline resistance. We now expect a Euro/Swiss franc  
 recovery towards 1.5500."  
     STERLING/DOLLAR - "A break above initial resistance at the  
 $1.8430 level is needed to open near-term upside potential  
 towards the $1.8530/95 area. But, we continue to view such a  
 rebound as a medium-term selling opportunity."  
     EURO/STERLING - "We see euro/pound rallying by more than 10  
 percent, but suggest selling sterling across the  
 board....Euro/pound is likely to stay above 0.6850."  
     U.S. DOLLAR/CANADIAN DOLLAR - "Upside should be capped by  
 C$1.2655, while a break below C$1.2500 opens further downside  
 potential to C$1.2390. We remain bullish (on the) Canadian  
 dollar not only against the dollar, but also against the Aussie  
 dollar and the New Zealand dollar."  
      
     TECHNICAL ANALYSIS TEAM, SOCIETE GENERAL  
     EURO/YEN -  Euro/yen "tested the 136.25 resistance area  
 this morning and then backed off. A break below 135.72  
 would argue for a comeback to 135.24, the next major  
 support area ahead of the 133.95/134.10 target zone."  
     
 Currency bid prices at 9:35 a.m. EST (1335 GMT). All data taken  
 from Reuters calculated from the levels at 4:30 p.m. (20:30  
 GMT) in the previous New York session.  
  
                       Last   US Close  %       YTD      2004  
                              19 May.   Change  %Change  Close  
 -------------------------------------------------------------  
 Euro/dlr   <EUR=>    1.2557   1.2641   -0.66   -7.38   1.3558  
 Dlr/yen    <JPY=>    108.15   107.64   +0.47   +5.56   102.45  
 Euro/yen   <EURJPY=> 135.83   136.09   -0.19   -2.20   138.88  
 Dlr/swiss  <CHF=>    1.2337   1.2215   +1.00   +8.41   1.1380  
 Stg/dlr    <GBP=>    1.8261   1.8361   -0.54   -4.81   1.9184  
 Dlr/cad    <CAD=>    1.2633   1.2583   +0.40   +5.03   1.2028  
 Aus/dlr    <AUD=>    0.7558   0.7581   -0.30   -3.34   0.7819  
 Euro/swiss <EURCHF=> 1.5492   1.5446   +0.30   +0.17   1.5466  
 Euro/stg   <EURGBP=> 0.6876   0.6880   -0.06   -2.73   0.7069