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By Paul Baioicchi, greenfaucet.com

In Caracas on Tuesday, the groundwork was laid for the formation of a South American regional bank, which officials say could be operational by as early as May. While this is a positive development for a region which has a history of economic volatility and currency instability, concern must be expressed over the fact that Chavezuela, er Venezuela is leading the charge.

South America's past attempts at economic integration have largely been unsuccessful. The ANDEAN community, created in 1969 and lauded as the driver of South American economic independence at the time, failed to gain traction and following the withdrawal of Venezuela in 2006 only consisted of four members. The ...

[LEFT][SIZE="5"]EUR/USD - Euro Dollar[/SIZE]1,3462. EUR USD is in a range between 1,3420 and 1,3740. The volatility is low. Oscillators are neutral. The price should find a support above 1,3420 (42 pips). The price should continue to move in Bollinger bands. If the support breaks then the target will be 1,3250 (212 pips). [/LEFT][INDENT][LEFT][B]Resistances[/B]1,3530 - 1,3740[B]Supports[/B]1,3420 - 1,3100[/LEFT][/INDENT][LEFT]more information on [URL="http://www.mataf.net/en/forex-eurusd.htm"]EUR/USD - Euro Dollar [B]Click Here[/B][/URL][/LEFT][CENTER][IMG]http://www.mataf.net/section/devises/page/images/eurusd.png[/IMG][/CENTER][LEFT][SIZE="5"]GBP/USD - British Pound Dollar[/SIZE]1,4581. GBP USD broke 1,4635 support. GBP USD is in an uptrend ...

Casey Stubbs -- Winners Edge Trading

8:30 am Est

This morning the news to watch is new home sales. If the number is better than expected we could see a move in the Euro or if the number is worse than expected I think the Dollar could move higher. This is because of risk aversion and traders putting money in the Dollar because it is viewed as a safe haven.

The key support level to watch in this mornings trading is 1.3414 if the pair breaks this we could see more lows.

The nearest resistance is 1.3531 the pair has been moving lower since the highs of last week. This most recent resistance must be broken before we will see more movement to the upside.

10 min chart ...

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USD/JPY
Update Time: 25 Mar 2009 06:31 GMT

Range Forecast
97.45 / 97.80

Resistance/Support
R: 97.98 / 98.35 / 98.58
S: 97.35 / 96.92 / 96.60

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EUR/USD
Update Time: 25 Mar 2009 06:33 GMT

Range Forecast
1.3455 / 1.3490

Resistance/Support
R: 1.3538/1.3584/1.3623
S: 1.3431/1.3416/1.3350

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USD/CHF
Update Time: 25 Mar 2009 06:37 GMT

Range Forecast
1.1275 / 1.1305

Resistance/Support
...