5th of April 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
5 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

EURCHF stalled in front of 1.3205.

EURUSD BULLISH The pair is consolidating below 1.4282; a break here would expose 1.4373. Initial support lies at 1.4062.

USDJPY BULLISH Initial resistance is at 84.73, break above this would pave the way for gains to 85.40. Support lies at 83.13.

GBPUSD BEARISH Break through 1.5972/37 zone would expose 1.5867. Resistance is at 1.6224.

USDCHF NEUTRAL Need a break trough 0.9340/69 to trigger the bull trend. On the other hand, pullback through 0.9127 would expose 0.9096.

AUDUSD BULLISH Breach of resistance at 1.0425 would expose 1.0500, while initial support lies at 1.0269.

USDCAD BEARISH Focus is on initial support at 0.9600 ahead of 0.9584. Resistance is at 0.9707/54 area.

EURCHF BULLISH Stalled in front of 1.3205, break of this level would pave the way for gains to 1.3287. Support is at 1.3011.

EURGBP BULLISH The cross targets initial resistance at 0.8885, move above this would open the way to 0.8942. Initial support is at 0.8776.

EURJPY BULLISH Outlook remains bullish; rise through 122.29/61 would expose 125.00. Near-term support is at 117.68.


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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