28th of April 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
28 April 2011 – 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

EURUSD 1.5000 resistance

EURUSD BULLISH Rise through 1.4736/76 resistance area has exposed 1.5000. Support lies at 1.4769 intraday low.

USDJPY BEARISH Move below initial support 81.27 would expose 80.89. Initial resistance is at 82.79.

GBPUSD BULLISH The pair gained through 1.6599 and 1.6672 to expose 1.6878 key resistance. Support is at 1.6621 intraday low.

USDCHF BEARISH While resistance at 0.8893 holds, there is scope for weakness towards 0.8671/65 area.

AUDUSD BULLISH The pair targets 1.1000 with scope for 1.1017 next. Near-term support is at 1.0852.

USDCAD BEARISH Break of 0.9488 has exposed 0.9455/46 area, while resistance lies at 0.9576.

EURCHF BEARISH Key support is at 1.2730, move below this would pave the way towards 1.2624, while resistance lies at 1.2974.

EURGBP BULLISH Upside pressure on 0.8924/42 area, break through this would open 0.9000 next. Support lies at 0.8800.

EURJPY BULLISH Break of 121.48 has exposed 122.41 ahead of 123.33. Support lies at 120.00.


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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