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Tuesday, 24 July 2007

Redtower Research

EUR/USD: "Sustained pressure above $1.38 will leave $1.40 to play for, with $1.38 offering support now. The big level to watch on the downside is still $1.3680/60, as a turn below this would leave $1.34+ to aim for and suggest that a toppy play could be seen."

NZD/USD: "Watch the NZD, probes on $0.80 are key with $0.90 opening up after this. Still not favoring a one way move forever here and $0.80 should be a staging post. "

GBP/USD: "In cable the $2.10 zone is at risk as $2.05 is being left behind, $2.0460/2.04 should mark support, and the triggers for $2.0130/00 and then lower."