Expected trading ranges for 2011

	End of 2nd Quarter (2011)	End of 4th Quarter (2011)
EURUSD	1.2000 – 1.2500	1.0000 – 1.0500
USDJPY	93.00 – 97.00	100.00 – 105.00
EURCHF	1.2300 – 1.2800	1.0500 – 1.1000
XAUUSD	$1550 – $1652	$1800 – $1902
AUDUSD	1.0100 – 0.9100	1.0100 – 0.9100
USDZAR	6.2000 – 6.4000	6.9000 – 7.1000
EURZAR	8.6000 – 8.7000	8.0000 – 8.2000
GBPUSD	1.4200 – 1.3700	1.3500 – 1.3000
GBPZAR	10.0000 – 9.5000	8.5000 – 8.0000
AUDZAR	6.4000 – 6.3500	6.10000 – 6.0500