DAILY MARKET COMMENTARY
1 April 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
USDJPY clears 83.30 resistance.
EURUSD BULLISH Targets 1.4249/82 zone, break through this would open up the way towards 1.4373. Support lies at 1.4047.
USDJPY BULLISH Recovery through 83.30 has exposed 83.98. Initial support is at 83.13 ahead of 82.37.
GBPUSD BEARISH As long as resistance at 1.6224 is intact, a break below 1.5979/37 would expose 1.5873.
USDCHF NEUTRAL Move above 0.9275 would open way towards 0.9317/69 zone. On the downside, break of 0.9076 would signal resumption of the bear trend.
AUDUSD BULLISH Uptrend is intact; focus is on 1.0400/25 resistance area. Support lies at 1.0205
USDCAD BEARISH Watch support at 0.9668; break here would expose 0.9584. Initial resistance is at 0.9786.
EURCHF BULLISH Rise above 1.3040 has exposed 1.3138 and 1.3205. Initial support is at 1.2933.
EURGBP BULLISH Outlook remains bullish; the cross targets 0.8885 ahead of 0.8942. Initial support is at 0.8776.
EURJPY BULLISH Break of 118.34 favours further gains towards 119.33. Near-term support is at 117.68 intraday low.
SCHEDULE
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A. White
Analyst at Fibosignals.com
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