30th of December 2010 - Technical Forex Market Overview

DAILY Technical Forex Market Overview
30 December 2010 – 8:00 GMT
Thursday

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Market Analysis Desk
Foreign Exchange Research: www.fibosignals.com/5585/resources.html
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TECHNICAL DATA

USDCHF support at 0.9321.

EURUSD BEARISH Move below 1.3055/48 support zone would expose 1.2969. Resistance at 1.3360.

USDJPY BEARISH The outlook remains bearish; focus is on 81.23. Resistance is at 84.51.

GBPUSD BEARISH Support zone 1.5297/65 holds while initial resistance at 1.5568.

USDCHF BEARISH Abrupt decline through 0.9463 has exposed 0.9321 ahead of 0.9202; initial resistance is at 0.9734.

AUDUSD BULLISH Upside potential, focus is on 1.0152 ahead of 1.0183; support lies at 0.9951/18.

USDCAD BEARISH Break of 1.0033/01 cleared the way down toward 0.9961/31; initial resistance at 1.0209.

EURCHF BEARISH Outlook remains bearish; focus is on 1.2439 ahead of 1.2283; resistance at 1.2714.

EURGBP BULLISH Pressure on 0.8598, a break here exposes 0.8646; support at 0.8426.

EURJPY BEARISH Break of 108.35 has exposed 106.77 ahead of 105.80. Resistance at 110.82.

SCHEDULE

Please visit Fibosignals.com’s Economic Calendar for a schedule of market news and events.

A. M. Negrin Bautista, CFA

Chief Analyst at Fibosignals.com

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