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[B]American Non-Farm Payrolls, US Pending Home Sales, Ben Bernanke speech, Canadian employment data and Japan’s BOJ Press Conference are just a part of the many highly important events on our menu today. Here is an outlook on today’s market movers closing another trading week. [/B]

In the US, American Non-Farm Payrolls fell by 95,000 jobs in September while the unemployment rate stayed at 9.6 per cent mainly due to government’s cutbacks in response to declining tax revenue, badly affecting the USD although growth in the Private-sector is encouraging. A rise of 63K is expected now.

Read the rest of the [URL="http://www.forexcrunch.com/category/daily-analysis/"][I][B]daily forex forecast[/B][/I][/URL].

Forex Trades 11/05 - European session
[b][img]http://www.mataf.net/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/usdcad"]USD/CAD - US Dollar / Canadian Dollar[/url][/b]
[b]Entry[/b]: 1.0025
[b]Stop[/b]: 1.0055
[b]Resistances[/b]: 1.0155 - 1.01 - 1.004
[b]Supports[/b]: 0.996 - 0.998 - 1.001

[b][img]http://www.mataf.net/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/usdchf"]USD/CHF - US Dollar / Swiss Franc[/url][/b]
[b]Entry[/b]: 0.9575
[b]Stop[/b]: 0.962
[b]Resistances[/b]: 0.9695 - 0.965 - 0.96
[b]Supports[/b]: 0.9475 - 0.9525 - 0.956

[b][img]http://www.mataf.net/images/_V3img/fleches/down_arrow_16.png[/img] ...

INTRADAY TRADING SIGNAL BY ACETRADER.COM: AUD/USD

AUD/USD : 1.0135

Last Update At 05 Nov 2010 02:29 GMT

Aud's retreat fm y'day's 28-year high of 1.0177
in late NY trading suggests minor consolidation is in store in Asia, as long as 1.0100/05 holds, outlook remains bullish for re-test of said res, then marginal headway to 1.0190 later today.

Buy on dips with stop as indicated, break wud
risk stronger pullback to 1.0064/67 b4 rebound.

Range Forecast
1.0125 / 1.0150

Resistance/Support
R: 1.0177/1.0200/1.0250
S: 1.0128/1.0087/1.0064

http://www.acetraderfx.com

USDCAD continues its downward move from 1.0372 and the fall extended to as low as 1.0009 level. Resistance is at the downtrend line on 4-hour chart, as long as the trend line resistance holds, downtrend is expected to continue and one more fall towards 0.9979 previous low support is still possible, only a clear break above the trend line resistance could indicate that a cycle bottom is being formed.



Daily forex Forecast