Technical Market View
AUD/USD
The sharp decline led AUD very close to important support at 0,8500-30, levels where the last base of 2008 was formed. This support is important and should not be easily breached. Reac-tions, according to current facts, should be limited at 0,8750-00, in terms of the sideways consolidation that seems to be formed... A reaction from 0,8500 or lower, would have as target the area of 0,8950-00...
EUR/CHF
Sideways consolidation for the pair, which seems to be forming a downward wave. Possible target and support level is found at 1,6200 and 1,6140-50 . Bulls should gain momentum at those levels again...
EUR/GBP
The consolidation continues for the pair and its upper part at 0,8000 was tested. The area of 0,8000-50 will give sell oppor-tunities, if the consolidation is resumed. First possible target is set at 0,7900 area... .
EUR/JPY
The sharp decline does not seem com-pleted yet, as the first possible target is set at 159,00. Reactions towards 165,00-166,00 could be used for sell positions.
A consolidation is formed in the short term. A possible upward break of 163,00 may lead to a quick rise to 165,00...
GBP/JPY
A sideways consolidation seems to be formed for the pair...
USD/CAD
The upward break of 1,0300-50 led to a sharp rise for the dollar, which seems to be in a corrective phase. Important sup-port is found at 1,0300-30 ...
Gold
The area of 850-852 will be tested as resistance. The base of 765-00 proved to be a strong support level ...
Silver
The move is not completed. A retracement to previous lows or 12,00 area is possible . First important resistance is found at 15,00...
Crude Oil
Bears gained momentum at the retracement to-wards 122,00 area, as expected. The downward move needs a double bottom or a resumption to 106,00-108,00 area to be confirmed. Its ranges should be limited there...
DOW JONES
The area of 11700 is an important resistance level, and should not be easily breached...
FX Greece
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