DAILY MARKET COMMENTARY
4 March 2011 – 8:00 GMT
Friday
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Market Analysis Desk
Foreign Exchange Research: www.fibosignals.com/5585/resources.html
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TECHNICAL DATA
EURUSD 1.4000 resistance.
EURUSD BULLISH The pair targets 1.4000 with scope for 1.4086 next. Near-term support is defined at 1.3833.
USDJPY BEARISH Break of support 81.57 would open the way to 81.13/80.93 area. Resistance is at 82.89.
GBPUSD BULLISH The pair eyes resistance 1.6379, break of this would pave way to 1.6458 next, Support lies at 1.6216.
USDCHF BEARISH Bearish pressure holds above 0.9200, move below this level would expose 0.8951 next. Near-term resistance at 0.9392.
AUDUSD BULLISH Climb through 1.0202 would open up key resistance 1.0256. Near-term support at 1.0085.
USDCAD BEARISH Focus is on 0.9684; break below the level would expose 0.9600. Resistance at 0.9800.
EURCHF NEUTRAL Abrupt rise through 1.2893 has initial resistance at 1.3138 while support is at 1.2788.
EURGBP BULLISH Break of 0.8555 has exposed 0.8593 ahead of 0.8619. Support at 0.8461 holds.
EURJPY BULLISH Sharp recovery through 114.19/94 has exposed 115.42/68 resistance area. Support defined at 113.10.
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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