Jan. 8, 2007 — AvidTrader.com covers a wide variety of futures markets each session, throughout the day. Scroll down for today's free look and for a free two-week trial.
Currencies
Euro “EC” (Mar)
Coverage for Jan. 9Friday's low was probed slightly Monday morning. Buyers didn't do much with the recovery but did end the day in positive territory. Bounces are still likely to resolve in lower lows.Resistance: 1.3100 and 1.3135Support: 1.3020 and 1.2960
British Pound “BP” (Mar)
Coverage for Jan. 9Monday's choppy open eventually resolved in a recovery back to Friday's post-open high by noon. That was also Monday's high, and the balance of the session ranged narrowly above the morning's high. Bounces are still likely to resolve in lower lows.Resistance: 1.9440 and 1.9520Support: 1.9320 and 1.9265
Swiss Franc “SF” (Mar)
Coverage for Jan. 9Friday's low was probed slightly Monday morning. Buyers didn't do much with the recovery and couldn't even end the day in positive territory. Bounces are still likely to resolve in lower lows.Resistance: .8160 and .8190Support: .8105 and .8070
Japanese Yen “JY” (Mar)
Coverage for Jan. 9Monday's weak open was recovered back into positive territory through noon. But the balance of the session fell back into negative territory, and back to the morning's low. A steeper rally would be likely so long as pullbacks were to hold the .8475-.8480 area as support.
Resistance: .8550 and .8590Support: .8485 and .8460
Australian Dollar “AD” (Mar)
Coverage for Jan. 9Interim bounces were likely to hold .7785-.7790, which was true on a closing basis Monday, but not intraday. In any case, the open gapped up and never reversed into negative territory, so a lower low can print now that the bounce limit has held.Resistance: .7800 and .7830Support: .7750 and .7715
Canadian Dollar “CD” (Mar)
Coverage for Jan. 9Friday's "Pivot Reversal" setup signaled both that sellers have lost traction and that momentum had reversed up. That didn't stop Monday's open from gapping down and extending to lower lows intraday. But it did help the new low recover back above prior lows. Last week's highs should still be retested while filling two gaps that formed on the way to new lows.Resistance: .8550 and .8605Support: .8500 and .8455
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