Watchlist for March 13, 2006

This week, the dollar's fate will be decided on Tuesday and Wednesday. On Tuesday, the February retail sales report will be released. On Wednesday, the US Treasury's report on portfolio flows (net foreign security purchases) for January. Hence, the dollar could be under pressure. Last Friday, the euro managed to recover from a recent low 1.1860 to close higher at 1.1912 and the euro bull is giving another try this morning too.

Potential swing trades :
Longs:

• EUR vs USD (support 1.1905) current 1.1928 (New - 8 hours ago!)

Shorts

• USD vs CHF (resistance 1.3157) current 1.3150 (New - 4 hours ago!)
• USD vs CAD (support 1.1619) current 1.1600 (New - 8 hours ago!) See chart below.
• GBP vs CHF (support 2.2773) current 2.2726 (20 hours ago)
  

Current Trendwatch :
Ups

• EUR vs GBP (1 day ago)
• EUR vs CHF (2 days ago)
  
• USD vs JPY (2 days ago)
• EUR vs JPY (2 days ago)
• GBP vs JPY (2 days ago)

Downs

• AUS vs USD ( 1 day ago)
• GBP vs USD (5 day ago)

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