TECHNICAL ANALYSIS 27/11/2012

eurusd Pivot: 1.294 Our preference: Long positions above 1.294 with targets @ 1.3015 & 1.3035 in extension. Alternative scenario: Below 1.294 look for further downside with 1.2895 & 1.2865 as targets. Comment: the RSI is around its neutrality area at 50% Key levels 1.307 1.3035 1.3015 1.29769 last 1.294 1.2895 1.2865 _______

gbpusd Pivot: 1.6 Our preference: Long positions above 1.6 with targets @ 1.605 & 1.608 in extension. Alternative scenario: Below 1.6 look for further downside with 1.5975 & 1.595 as targets. Comment: the next resistances are at 1.605 and then at 1.608. Key levels 1.612 1.608 1.605 1.6031 last 1.6 1.5975 1.595

usdjpy Pivot: 82.2 Our preference: Short positions below 82.2 with targets @ 81.75 & 81.55 in extension. Alternative scenario: Above 82.2 look for further upside with 82.4 & 82.6 as targets. Comment: as long as the resistance at 82.2 is not surpassed, the risk of the break below 81.75 remains high. Key levels 82.6 82.4 82.2 81.966 last 81.75 81.55 81.3

eurjpy Pivot: 105.7 Our preference: Long positions above 105.7 with targets @ 107.3 & 107.9 in extension. Alternative scenario: Below 105.7 look for further downside with 105 & 104.5 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Key levels 108.65 107.9 107.3 106.417 last 105.7 105 104.5

gold Pivot: 1735.00 Our preference: LONG positions above 1735 with 1757 & 1765 in sight. Alternative scenario: The downside penetration of 1735 will call for 1728 & 1722. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Trend: ST Bullish; MT Ltd upside Key levels Comment 1773** Intraday resistance 1765** Intraday resistance 1757** Intraday resistance 1749.49 Last 1735** Intraday pivot point 1728** Intraday support 1722** Intraday support

nzdusd Pivot: 0.82 Our preference: Long positions above 0.82 with targets @ 0.825 & 0.8265 in extension. Alternative scenario: Below 0.82 look for further downside with 0.8165 & 0.813 as targets. Comment: the RSI broke above a bearish trend line. Key levels 0.829 0.8265 0.825 0.8218 last 0.82 0.8165 0.813

audusd Pivot: 1.0435 Our preference: Long positions above 1.0435 with targets @ 1.052 & 1.054 in extension. Alternative scenario: Below 1.0435 look for further downside with 1.0415 & 1.039 as targets. Comment: technically, the RSI is above its neutrality area at 50. Key levels 1.058 1.054 1.052 1.0476 last 1.0435 1.0415 1.039