With the first two days of the week out of the way, we can now prepare for the slew of economic data releases, starting with the NZD Interest Rate announcement. Expectations are for an increase of .25%. The majors have been able to maintain the previous day's ranges and we are on the lookout for the next breakout opportunity, specifically on the USD/CHF. The Yen pairs also look intriguing; we're looking for signs of continuation or of a reversal. We're also paying close attention to the equity markets as the DOW remains below 10K and continues to set lower daily lows. We still predict a move to as low as 8750.

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