Short Term Analysis - September 20, 2006

You can subscribe our Short Term Analysis at $19.95 per month before the end of September 2006.
USDCHF
The price channel is broken below, USDCHF is topping at 1.2621 on 4 hours chart, key support is now at 1.2483, a break below this level may signal the cycle top, and further fall below 1.2433 level can be seen after breaking below the key support.

AUDUSD
AUDUSD is topping at 0.7573 Fibonacci retracement level on 4 hours chart, key support is at 0.7503, a break below this level may signal the cycle top. Further fall below 0.7483 can be expected after breaking below the key support.
USDCAD
USDCAD broke above the key resistance at 1.1234 level and started another rising cycle. The pair is now in up trend, key support is at 1.1160, and only break below this level may signal the reversal to the up trend.
GBPUSD
GBPUSD is in correction to the up trend, fall below 1.8735 to reach the next cycle bottom on 4 hours could be seen in the next several days. Up trend will resume after this correction.
EURUSD
EURUSD is forming a sideways consolidation in a range between 1.2630 and 1.2752. Key support is at 1.2630, further fall towards 1.2559 previous low support is possible if the key support is broken below. Key resistance is now at 1.2725, down trend from 1.2878 would end by breaking above this key resistance.
USDJPY
Key support at 117.26 has broken below, and USDJPY has topped at 118.27 on 4 hours chart, further fall below 116.99 can be expected in the next several days.