Wednesday, February 2, 2011

AUD/USD: The current rally is expected to fizzle out ahead of the December peak at 1.0258.

NZD/USD: Remains sidelined but now with a bullish slant. Should stay below the .7816/76 area, though.

USD/CAD: Drops back towards the May 2008 low at .9820. Below it remains the .9758/11 support zone.

EUR/AUD: Is losing short term upside momentum but holds around its pivot. Should be well supported.

EUR/NZD: Remains overall bullish despite its current minor retracement lower.

EUR/CAD: Trades within the 1.3749/62 resistance area which we anticipate to cap it in the short term at least.

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