日评（英文）

May 13, 2003
As DOW is brewing strength for the much anticipated breakout to reach 8870, Dollar Index too appears technically ready for a come back of its own. Hence, this week's theme may very well turn out to be some USD covering against the encroaching majors. EUR's technical peak level continues to be 1.1620 right on its upper channel line (Monthly Charts), although buyer momentum may carry its weight up to 1.1700. Likewise, buyer exits for GBP and SWF should be limited to 1.6270 and 1.2730 this week, from which USD rally should take place. CAD is still looking for a way to advance down to 1.3660, while AUD is also flexing more muscles even after reaching 0.6500 level. The latter could be heading up to 0.6700s against all odds, a suspicion that remains too early to confirm. Stay tuned.

Sold EUR at 1.1620, and took profit at 1.1560.
Holding AUD's 0.6300 sell position, RRR-250/+150pts.
Sold AUD at 0.6500, RRR-50/+50pts, or take profit at close.
Wait to sell EUR at 1.1700, RRR-50/+200pts, or take profit at close.
Wait to sell GBP at 1.6270, RRR-50/+200pts, or take profit at close.
Wait to sell SWF at 1.2730, RRR-150/+300pts, or take profit at close.