A NUMBER of important releases are due in the United States next week, with the majority expected to post positive growth over the month. Existing home sales data will be out on Monday and October is expected to be flat. Housing starts and building approvals for October on Tuesday are expected to show slight increases and consumer confidence for November is estimated at 96. On Thursday, durable goods for October is forecast to post a 1 per cent increase, while initial claims for November is expected flat. In Japan, no change is expected in the unemployment rate for October, industrial production for October is expected to increase by 3 per cent, and Wednesday's National CPI for October is forecast to fall 0.4 per cent. In Australia, the focus will be on Wednesday's GDP data for the third quarter. HKD/USD - Resistance at 7.7350 is expected to cap the short term upside, and traders should sell failures for 7.7330 initially. NZD/USD - Price is expected to test 0.6650 strong daily resistance. A failure will target the consolidation base at 0.6465. USD/JPY - 100.00 is the important level to watch this week. A break below will target a down-move to 97.50 support. A bounce off 100.00 support would see a move towards the 104.00 area once more. USD/DEM - Strong daily resistance at 1.4330 maintains the intermediate term bearish bias. Traders should sell into strength this week for a test of 1.4000 support. USD/SGD - Resistance at 1.4175 is expected to contain the upside this week and traders should sell failures for 1.4085 then 1.4060 below. GBP/USD - Short term consolidation is expected with price almost achieving its upside targets. The first target is at 1.5700. A break above would then see upside to 1.5750 area before stalling. AUD/USD - Further consolidation is expected into next week. Resistance at 0.7470 is expected to cap the upside and traders should sell failures targeting the 0.7340 consolidation base.