Daily US$ Major Trading Levels Monday 17th November 2008.

Daily US$ Major Trading Levels

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Monday 17th November 2008.

Daily	GBPUSD	EURUSD	AUDUSD	NZDUSD

Res 3	1.61	1.3243	0.7193	0.6174
Res 2	1.5674	1.307	0.6984	0.5996
Res 1	1.5247	1.2897	0.6776	0.5819

Close	1.4821	1.2724	0.6567	0.5641

Sup 1	1.4395	1.2551	0.6358	0.5463
Sup 2	1.3968	1.2378	0.615	0.5286
Sup 3	1.3542	1.2205	0.5941	0.5108

5DMA	1.515 ↓	1.2702 ↑	0.6623 ↓	0.5727 ↓
15DMA	1.5678 ↓	1.2796 ↓	0.667 ↓	0.5818 ↓



Daily	USDJPY	USDCHF	USDCAD	USDCNY

Res 3	101.275	1.2172	1.296	6.8444
Res 2	99.875	1.208	1.2703	6.8399
Res 1	98.475	1.1987	1.2445	6.8355

Close	97.075	1.1895	1.2188	6.831

Sup 1	95.675	1.1803	1.1931	6.8265
Sup 2	94.275	1.171	1.1673	6.8221
Sup 3	92.875	1.1618	1.1416	6.8176

5DMA	97.5 ↓	1.185 ↑	1.2092 ↑	6.8318 ↓
15DMA	97.93 ↓	1.1717 ↑	1.206 ↑	6.8341 ↓

FX round-up: Dollar makes headway (ShareCast)
LONDON (SHARECAST) - The dollar started the year on strong footing, making headway against most major currencies as traders returned after the New Year holiday.

Asia stocks edge up for 7th day (Reuters via Yahoo! News)
Asian stocks inched higher for a seventh day on Tuesday on hopes for a global economic recovery later in 2009, but the yen's gains against high-yielding currencies suggested scope for optimism was limited.

Asia stocks up on hopes of recovery (Reuters via Yahoo! News)
Asian stocks edged up for a seventh day on Tuesday, boosted by hopes for a global economic recovery later in 2009, though the rising yen and falling high-yielding currencies suggested such optimism was limited.

China FX reserves fall on weak euro - adviser (Reuters via Yahoo! Philippines News)
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FX Correlations (January): How Do Currencies Move In Relation To Each Other? (Daily FX via Yahoo! Finance)
The following is our monthly correlations update for January. As we have stated time and again, correlations between different currency pairs will inevitably shift over time. Therefore, it is of utmost importance to keep abreast of these fluctuating relationships to fully understand your trades and portfolio.