Daily International Forex Rates & its Analysis – October 22, 2009

International Forex Rate

Major Currencies
Currency
Units per USD USD per Unit
Australian Dollar AUD 1.2488 0.8008
Canadian Dollar CAD 1.0903 0.9172
Euro EUR 0.7074 1.4137
Japanese Yen JPY 95.4654 0.0105
Pakistan Rupee PKR 81.11 0.0123
U.A.E Dirham AED 3.6727 0.2723
UK Pound Sterling GBP 0.6179 1.6185
US Dollar USD 1 1
Other Currencies
Currency
Units per USD USD per Unit
Afghanistan Afghanis AFN 50.0901 0.02
Albania Leke ALL 94.0275 0.0106
Algeria Dinars DZD 72.11 0.0139
Argentina Pesos ARS 3.7442 0.2671
Bahamas Dollars BSD 1 1
Bahrain Dinar BHD 0.377 2.6523
Bangladesh Taka BDT 68.95 0.0145
Barbados Dollars BBD 2 0.5
Bermuda Dollars BMD 1 1
Brazil Reais BRL 1.972 0.5071
Bulgaria Leva BGN 1.3832 0.723
CFA BCEAO Francs XOF 464.0141 0.0022
CFA BEAC Francs XAF 464.0141 0.0022
Chile Pesos CLP 563.735 0.0018
China Yuan CNY 6.8293 0.1464
Colombia Pesos COP 2138.5 0.0005
Comptoirs Francais du Pacifique Francs XPF 84.4135 0.0118
Costa Rica Colones CRC 577.3 0.0017
Croatia Kuna HRK 5.202 0.1922
Czech Republic Koruny CZK 19.04 0.0525
Danish Krone DKK 5.2614 0.1901
Dominican Republic Pesos DOP 35.9001 0.0279
East Caribbean Dollars XCD 2.685 0.3724
Egypt Pounds EGP 5.6167 0.178
Estonia Krooni EEK 11.0682 0.0903
Fiji Dollars FJD 2.1272 0.4701
Hong Kong Dollar HKD 7.7525 0.129
Hungary Forint HUF 200.39 0.005
Iceland Kronur ISK 121.695 0.0082
IMF Special Drawing Rights XDR 0.6514 1.5352
Indian Rupee INR 47.12 0.0212
Indonesia Rupiahs IDR 10202.5 0.0001
Iran Rials IRR 9683.5 0.0001
Iraq Dinars IQD 1158.6 0.0009
Israel New Shekels ILS 3.98 0.2513
Jamaica Dollars JMD 88.4806 0.0113
Jordan Dinars JOD 0.709 1.4104
Kenya Shillings KES 78.35 0.0128
Kuwaiti Dinar KWD 0.2872 3.482
Lebanon Pounds LBP 1509.5 0.0007
Malaysian Ringgit MYR 3.485 0.2869
Mauritius Rupees MUR 32.4003 0.0309
Mexico Pesos MXN 13.1225 0.0762
Morocco Dirhams MAD 7.9679 0.1255
NewZealand $ NZD 1.5603 0.6409
Norwegians Krone NOK 6.2891 0.159
Omani Riyal OMR 0.3851 2.597
Peru Nuevos Soles PEN 3.02 0.3311
Philippines Pesos PHP 47.1143 0.0212
Poland Zlotych PLN 3.1877 0.3137
Qatari Riyal QAR 3.6402 0.2747
Romania New Lei RON 2.9634 0.3375
Russia Rubles RUB 30.8535 0.0324
Saudi Riyal SAR 3.7503 0.2666
Singapore Dollar SGD 1.4437 0.6927
South Africa Rand ZAR 7.9428 0.1259
South Korea Won KRW 1252.85 0.0008
Sri Lanka Rupees LKR 114.92 0.0087
Sudan Pounds SDG 2.345 0.4264
Swedish Korona SEK 7.5542 0.1324
Swiss Franc CHF 1.0678 0.9365
Taiwan New Dollars TWD 32.5045 0.0308
Thai Bhat THB 34.3125 0.0291
Trinidad and Tobago Dollars TTD 6.23 0.1605
Tunisia Dinars TND 1.3469 0.7424
Turkey New Lira TRY 1.5366 0.6508
Venezuela Bolivares Fuertes VEF 2.15 0.4651
Vietnam Dong VND 17770 0.0001
Zambia Kwacha ZMK 5100 0.0002

Daily Forex Analysis

EURUSD Analysis.

EURUSD runs in a rising price channel on 4-hour chart and continue its upward trend from 1.4484. Further rally is still in favor and next target would be at 1.5100 zone. Support is now at the lower border of the price channel, as long as the channel support holds, uptrend will continue. However, a breakdown below 1.4827 key support will indicate that the rise from 1.4484 has completed, then the following pullback will take price to 1.4700-1.4750 area.

20091022_eurusd_1

USDJPY Analysis.

USDJPY trades in a range between 90.07 and 91.31. Another fall to re-test the support of the rising trend line from 88.01 to 88.83 is possible later today. As long as the trend line support holds, price action from 91.31 is treated as consolidation of uptrend from 88.01 and one more rise towards 92.00 is expected. However, a clear break below the trend line support will indicate that the uptrend from 88.01 has completed, then the follow downtrend could take price to 88.50 zone.

20091022_usdjpy_1

USDCAD Analysis.

USDCAD might be forming a short term cycle top at 1.0584 level on 4-hour chart. Pullback to 1.0250-1.0300 area is possible later today and range trading between 1.0206 and 1.0584 would more likely be seen in next several days. Resistance level is now at 1.0584, only rise above this level will signal another rise towards the upper border of the falling price channel.

20091022_usdcad_1

AUDUSD Analysis.

AUDUSD continues to trade in a rising price channel on 4-hour chart and remains in uptrend from 0.8567. As long as the channel support holds, further rise towards 0.9400 is expected in next several days. Key support is now located at 0.9112, only break below this level will indicate that the rise from 0.8567 has completed.

20091022_audusd_1

GBPUSD Analysis.

GBPUSD’s uptrend from 1.5708 extends further to as high as 1.6636 level. Another rise to test 1.6741 long term key resistance is possible in a couple of days, a break above this level will indicate that the longer term downtrend started from 1.0742 (Aug 5 high) has completed at 1.5708 level already. However, a minor consolidation would more likely be seen before breaking above 1.6741 resistance.

20091022_gbpusd_1

USDCHF Analysis.

USDCHF continues its bearish movement and the fall from 1.0452 extends further to as low as 1.0035 level. Deeper decline is still possible later today and next target would be at 0.9950-1.0000 area. Resistance remains at the falling price channel on 4-hour chart, as long as the trend line resistance holds, downtrend will continue.

20091022_usdchf_1

SOURCE: forexkp & forexcycle.com

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