Short Term Analysis - September 21, 2006

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USDCHF
USDCHF broke below the key support at 1.2483 and topped at 1.2621 on 4 hours chart. Further fall towards 1.2433 previous low support is possible later today. Key resistance is now at 1.2571, only break above this level may signal the resumption of the up trend.

AUDUSD
AUDUSD is forming a sideways consolidation to the down trend and further fall below 0.7483 is possible after this consolidation. Key support is now at 0.7504, a break below this level may signal the resumption of the down trend.
USDCAD
USDCAD is in up trend and further rise to 1.1350 level can be expected later today. Near term support is the up trend line, and the key support is at 1.1160, only break below the key support can signal the reversal to the up trend.
GBPUSD
Key resistance at 1.8918 is broken above and GBPUSD is now in up trend. Further rise towards 1.9090 to test the previous high resistance is possible in the next several days, and sharply rise would be seen if the top of the price channel is broken above.
EURUSD
Key resistance at 1.2725 is broken above, and EURUSD is now in up trend. Further rise towards 1.2878 to test the previous high resistance is possible in the next several days. Key support is now at 1.2650, only break below this level may signal the resumption of the down trend.
USDJPY
USDJPY is now in down trend, and further fall towards 116.50 level is possible in the next several days. Key resistance is still at 118.27, only break above this level may signal the reversal to the down trend.