THE FOMC meeting on Wednesday will be an important focus for the coming week. The retail sales figure for October is due on Tuesday, a drop of 0.2 per cent is expected. Also on Tuesday: October CPI, forecast at 0.3 per cent, and industrial production (a fall of 0.2 per cent). Friday's data includes housing starts and building permits for October. In Japan, machinery orders for September are out tomorrow, positive growth of 0.5 per cent is expected. On Thursday the trade surplus for October is expected to show a continuation in the downtrend. The money supply figures out on Friday are expected to show continued firm growth of 2.9 per cent. In Australia, the main focus will be the Housing Finance Data, on Thursday, for the month of September. HKD/USD Supported above 7.7320 this week and traders should buy bounces targeting the 7.7360 resistance area first. NZD/USD Resistance at 0.6560 is expected to cap the upside this week and traders should sell failures targeting 0.6500 then 0.6475 below. USD/JPY There is a bearish set-up for early this week and traders should expect a test of 99.20 support. A break lower would target 97.20 or bounces off support would see consolidation between 99.20 and 103.00. USD/DEM Resistance at 1.4275 is expected to cap the upside this week and traders should sell failures targeting strong daily support at 1,4000. USD/SGD The bias this week is bearish with strong resistance at 1,4200. Traders should target 1.4090 then 1,4060 below. GBP/USD Further congestion is expected. The bias for a breakout is to the upside and a target of 1.6000 into the end of the month. AUS/USD Strong resistance at 0.7525 maintains the bearish bias. The initial range for this week is between 0.7345 and 0.7450. In the event of a break below, the target is at 0.7300. Source: Technical Data.