DAILY MARKET COMMENTARY
7 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
EURJPY 122.61 resistance.
EURUSD BULLISH Traded above 1.4282 and focus is now on 1.4373 ahead of 1.4414 and 1.4512 next. Support lies at 1.4208 ahead of 1.4152.
USDJPY BULLISH Focus is on 85.93, a break here would expose 86.38. Near-term support is at 84.84.
GBPUSD BULLISH Key resistance lies at 1.6401; a move above the level would expose 1.6458. Support lies at 1.6091.
USDCHF NEUTRAL 0.9369 and 0.9127 have become the key near-term directional triggers.
AUDUSD BULLISH Bull trend extends; rise above 1.0425 has exposed 1.0500. Support is at 1.0289.
USDCAD BEARISH With the break of 0.9584 bear trend continues; focus is now on 0.9513/00 support area. Resistance is at 0.9693.
EURCHF BULLISH Break of 1.3287 would expose 1.3401 next. Support is at 1.3055/11 zone.
EURGBP NEUTRAL Initial resistance is at 0.8820; break of this would favour resumption of bull trend and expose 0.8853. Support is at 0.8714.
EURJPY BULLISH Gains found resistance at 122.61 Fibonacci level; break of this would lead to 125.00. Initial support is at 120.69.
SCHEDULE
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A. White
Analyst at Fibosignals.com
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