UBS Forex analytics

12/14/2006

EUR/USD breaking of resistance at 1.3481, which is maximal for March 2005, opens the possibility for further growth up to 1.3663. Support is 1.3193, 1.3219. The resistance levels are at 1.3368, 1.3404 and 1.3481.

USD/CHF breaking of resistance at 1.2035 opens the possibility for further growth at 1.2119. Support is at 1.1989 and 1.2009.

GBP/USD is likely to have further growth up to 2.01 at psychological resistance being at 1.98, 1.99. Critical support for further ascending movement is at 1.9434-1.9462.

USD/JPY is likely to have further growth up to 118.10. Resistance is at 117.80. Support is at 116.90, 116.50 and 116.00.

USD/CAD is likely to have further growth up to 1.16. Strong resistance is at 1.1560 and 1.1575. The support level is at 1.1395 and 1.1379. Breaking of the support level at 1.1379 can lead to the turning point of the ascending tendency.

AUD/USD is likely to have further growth up to 0.7990. Intermediate resistance is at 0.7927. Breaking of support at 0.7817 can lead to the turning point of the ascending tendency and to dropping at 0.7500.

EUR/CHF, after breaking of resistance at 1.5863, is likely to have further growth up to the resistance level at 1.6000. Resistance is at 1.5926. Support is at 1.5890 and 1.5910.

EUR/JPY trading session was within the trading range of 145.71-150.75. At present the price has broken the upper border of the trading range so we suggest closing short positions as further growth up to 156.50 is likely to happen. Support is at 154.90 and 153.90.

EUR/GBP continues to descend. Support is at 0.6718 and 0.6699. Resistance is at 0.6762-0.6766. Breaking of resistance at 0.6762 can lead to a further growth up to 0.6796. We’ll define the trading range at 0.6699-0.6796.