Archived IMT (2010.12.13)

CHF is the BEST PERFORMER OF THE DAY, closely followed by NOK and EUR as the data vacuum paves the way for extended equity gains to the favour of all commodity currencies. AUDUSD testing the right shoulder resistance near 0.9950-60s. Using the left shoulder high of 0.9980-90, it would be inaccurate to call the Head&Shoulder formation invalidated without a close above parity. EURUSD testing the 1.3380 trendline resistance extending from the Nov 4 high and thru Nov 5. 1.3385-90 also coincides with the 55-week MA. Therefore the euros 7 week downtrend would only reconsidered if we see a close ABOVE $1.34. Ashraf's ARABIC Interview with CNBC ARABIA http://bit.ly/gnpH2I