4th of April 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
4 April 2011 – 8:00 GMT
Monday

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

EURUSD clears 1.4249.

EURUSD BULLISH Break of 1.4249 has exposed 1.4282 ahead of 1.4373. Support lies at 1.4062.

USDJPY BULLISH Focus is on 85.00/40 resistance area. Initial support is at 83.13.

GBPUSD BEARISH Initial support is at 1.5972; break here would expose 1.5937. Resistance lies at 1.6224.

USDCHF NEUTRAL Move above 0.9369 would open the way to 0.9423. Near-term support is at 0.9127.

AUDUSD BULLISH Uptrend is intact; focus is on 1.0425 resistance ahead of 1.0500. Support lies at 1.0310.

USDCAD BEARISH Outlook remains bearish; focus is on initial support at 0.9584. Initial resistance is at 0.9707.

EURCHF BULLISH Pressure on key level 1.3205, break here would expose 1.3287. Support is at 1.3011.

EURGBP BULLISH Focus on initial resistance 0.8885; move above this would expose 0.8942. Initial support is at 0.8776.

EURJPY BULLISH While support at 117.68 holds, look for gains towards 122.08/61 area.


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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