$USDCHF approaching the top of a downward channel that extends back to 8/24. Resistance at channel top 1.0146,while initial support at 1.01
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$USDJPY price action narrowing, suggesting that a breakout could occur soon. Support a little under 84 with resistance a little over 84.50.
$EURUSD: Trade remains relatively quiet despite the raft of EZ data ahead of the ECB interest rate decision and Trichets press conference.
$EURUSD: While not much is to be expected following the ECB rate decision, the press conference shortly after could get things moving.
$EURUSD: Responding well to solid GDP data and has rallied to fresh daily highs. There are some small stops reported above 1.2860.
$EURUSD: IMF warns that Italy, Portugal and Greece face the highest risk of unsustainable debt.
$GBPUSD: The IMF has come out with warning on the UKs debt and this could be weighing o the pair in early European trade.
$GBPUSD: Had been trading lower ahead of house price data but has dropped further after a soft release to test support at 1.5400
$EURUSD: Looks to be consolidating yesterdays bumper gains which saw it close above the 50-day SMA for the first time since Aug 20.
Daily chart shows $USDJPY still firmly in a narrowing, downward channel that has contained the pair for 5 months. Support 84, resistance 85
$USDCAD has near-term support around the 1.05 level. Resistance has been above 1.0650. The pair could be forming a range.
$AUDUSD has broken above the 8/17 reaction high,arresting the pattern of lower highs and lower lows.August high is next resistance at 0.9221