26th of April 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
26 April 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

GBPUSD 1.6387 support

EURUSD BULLISH Focus is on 1.4649/85 resistance zone, break of this would open 1.4776 next. Support is at 1.4500.

USDJPY BEARISH Move below 81.62/55 support area would open the way towards 80.69. Resistance is at 82.60.

GBPUSD BULLISH As long as support at 1.6387 holds, look for gains towards 1.6553/99 area ahead of 1.6672.

USDCHF BEARISH While resistance at 0.9000 holds, look for further weakness towards 0.8769/00 area.

AUDUSD BULLISH Move above initial resistance at 1.0845 would expose 1.1000. Near-term support is at 1.0584.

USDCAD BEARISH Break through 0.9600 would trigger a short term reversal, while support is at 0.9455/46.

EURCHF BEARISH Focus is on initial support at 1.2801, break of this would expose 1.2730. Resistance is at 1.2974.

EURGBP BULLISH Momentum is positive; focus on initial resistance 0.8879, break of this would expose 0.8924/42 area. Support lies at 0.8780.

EURJPY NEUTRAL Resistance is at 120.39/71 zone, while support is at 118.27.

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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