DAILY Technical Forex Market Overview
9 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
USDJPY eyes 84.41.
EURUSD BEARISH Move below 1.3180 would expose 1.3149 ahead of 1.2969. Resistance at 1.3442.
USDJPY BULLISH Outlook is positive; recovery eyes 84.41. Support at 83.46.
GBPUSD NEUTRAL Initial resistance at 1.5840 previous low with support at 1.5669/56.
USDCHF NEUTRAL 1.0067 and 0.9726 mark the near-term directional triggers.
AUDUSD NEUTRAL Model is neutral; initial resistance at 0.9965, support at 0.9739/00.
USDCAD BEARISH Break through the 0.9978/31 support zone would open up the way towards 0.9820. Resistance at 1.0179/90.
EURCHF BEARISH Remains heavy below 1.3229 breakout low keeping our focus on downside; expect losses to target 1.2933 and 1.2766 next.
EURGBP BEARISH Move below 0.8390 exposes next support lying at 0.8335. Initial resistance defined at 0.8429.
EURJPY NEUTRAL Break of 109.57 would expose 108.35. Near-term resistance at 111.92/112.42.
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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