EURUSD

A fresh decline into the lower 1.48 region occurred on yesterday but key support layer into the 1.4820-1.4850 range is intact as the euro recovered some of its losses. Although short-term sentiment has weaken, an extended recovery may develop as long as 1.4820/50 is intact. Minor resistance is formed around 1.4930, followed by a more notable barrier near 1.4980 - formed by the falling trend line coming from 1.5045 through Monday's top side at 1.5015. A sustained breach above 1.4930 is needed to regain short term bullishness, therefore downside risk remains high while below 1.4930/50. Current quote is 1.4888 @06:35 GMT

Support: 1.4820/50, 1.4770/00 and 1.4700
Resistance: 1.4930/50, 1.4980, 1.5015/30 and 1.5060

EURUSD

EURUSD 4hrs chart 11-18-2009

NZDUSD

Kiwi holds steady into the .7450 region, being well supported by the .7400 handle where the rising trend line from .7080 is noticed. The said trend line may provide a stable intra-day support in case of minor pullbacks but stronger support is seen lower - at .7275/00 - median line of previous two weeks' upward swing, former resistance and actual support. Upside is expected to remain favored as short-term sentiment is bullish and potential dips will probably be treated as fresh NZD buying opportunities. Current quote is .7440 @06:35 GMT

Support: .7400, .7350 and .7275/00
Resistance: .7450/60, .7500/15 and .7550

NZDUSD

NZDUSD 4hrs chart 11-18-2009

I will probably provide an update report later today. Have a great day!