29th of March 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
29 March 2011 – 8:00 GMT
Tuesday

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

USDJPY eyes 82.01.

EURUSD BULLISH Initial resistance is at 1.4194; break above this would expose 1.4249/82 zone. Support lies at 1.3981.

USDJPY NEUTRAL The pair eyes 82.01; a break here would expose 82.45. Initial support lies at 80.69.

GBPUSD BEARISH Push through 1.5977/64 support area has exposed 1.5873 ahead of 1.5822. Resistance is at 1.6142.

USDCHF NEUTRAL Recovery through 0.9317 would open 0.9369; break below 0.9076 would instead expose 0.8964.

AUDUSD BULLISH Positive momentum; move above 1.0315 would expose 1.0400/25. Near-term support is at 1.0187.

USDCAD BEARISH Fall through the initial support at 0.9705 would expose 0.9668 key low. Resistance at 0.9844.

EURCHF BULLISH Break through 1.3004/40 area would signal scope for gains towards 1.3138. Support is at 1.2788/36.

EURGBP BULLISH Move above 0.8820 would expose 0.8885. Near-term support is at 0.8740.

EURJPY BULLISH Pressures 115.57; a break would open 116.00/68 resistance area. Support lies at 113.56.


SCHEDULE

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

A. White
Analyst at Fibosignals.com

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