Following is a selection of comments from analysts on important technical developments in the foreign exchange market.
STERLING/DOLLAR: "Dollar selling overnight did at one point seem to be on the verge of sending cable back into the upper $1.80s, although a quick reversion has seen a return to close on $1.85.
In the short term, look for cable support at $1.8430 and resistance at $1.8585."
EURO/DOLLAR: "The pattern looks essentially the same for the euro, at least in the run up to the weekend. Expect to see support at $1.2330 and resistance at $1.2480."
EURO/DOLLAR: "Overall breaks remain intact, confirming head-and-shoulders bottom targeting $1.26 with possible extension $1.29, with next strong resistance $1.2523, top of the channel up from the lows on May 13, 2004."
DOLLAR/SWISS FRANC: "Hesitating here, but overall risk remains for a test of the 2004 lows at 1.2135 francs. Resistance overhead 1.2308-1.2320 francs."
STERLING/DOLLAR: "Near good resistance $1.8604-$1.8734, but overall remains positive."
Currency bid prices at 10:34 am EDT (1434 GMT). All data taken from Reuters calculated from the levels at 4:30 pm (2030 GMT) in the previous New York session.