Saturday, July 16, 2011

After the day which has begun in first half of movement in support of dollar, the market Forex has a little quickened.

The euro/dollar pair has shown волатильность about 150 points. The reasons of the given movement have been specified in a yesterday's American premarket.

To it it is possible to add some more factors: proceeding instability of a situation round Greece. As it became known, the data presented by the country did not display a true state of affairs which in Greece the little are worse. As well the index of business expectations of Germany has appeared worse forecasts.

The pound has found the reasons for decrease when it was found out that the American manufacturer of confectionery products Kraft has offered the sufficient sum (3,1 billion pounds) for absorption of British competitor Kedberri.

Dollar/yen has grown since yesterday almost on 100 points that promoted by considerable growth of quotations in the share markets.

Canada, predictably has left the interest rate at former level of 0,25 %. Following the general strengthening of US dollar, pair USDCAD has grown by the given moment more than on 100 points.

Despite universal growth of the American currency, I assume its turn, as a last resort, боковик. On many tools the dollar has rested against the significant levels demanding correction or a turn. On euro/dollar the price can fall approximately to 1,41/1,4150 (38,2 % on Fibonachchi from a growing long-term trend of last year) then I expect its growth to 1,45 and above.

Levels are not punched yet and remain former: resistance on euro 1.4570 and further 1,4825, support 1,4150.

Support for yen: 90.75, 87,75, resistance 93,15.

The Australian dollar: resistance nearby 0.9325., support 0,9150.

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