Short Term- October 27, 2006

EURUSD
EURUSD is in up trend, and more sharply rise towards 1.2764 previous high can be expected in the next several days. Near term support is at the up trend line, and as long as the trend line support holds, up trend will continue.

GBPUSD
GBPUSD is in up trend, and more sharply rise towards 1.9072 previous high can be expected in the next several days. Near term support is at the up trend line, and as long as the trend line support holds, up trend will continue.
USDCHF
USDCHF is in down trend, and more sharply fall towards 1.2404 previous low can be expected in the next several days. Near term resistance is at the down trend line, and as long as the trend line resistance holds, down trend will continue.
AUDUSD
AUDUSD is in up trend, and further rise towards 0.7675 area is possible in the next several days. Near term support is at the bottom of the rising price channel, and as long as the channel support holds, up trend will continue.
USDJPY
USDJPY is in down trend, and further fall below 118.04 can be expected in the next several days. Near term resistance is at the down trend line, and as long as the trend line resistance holds, down trend will continue.
USDCAD
USDCAD is forming a sideways consolidation in a range between 1.1202 and 1.1321. Key resistance is at 1.1321, and a break above this level may confirm the cycle bottom at 1.1202. Key support is at 1.1202, a break below this level may signal the reversal to the up trend.