DAILY MARKET COMMENTARY
24 June 2011 – 8:00 GMT
Friday
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Market Analysis Desk
Foreign Exchange Research: www.fibosignals.com/5585/resources.html
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TECHNICAL DATA
AUDUSD 1.0441 Support
EURUSD BEARISH A push below 1.4128 has exposed 1.4076 ahead of 1.3971 key support. Resistance is at 1.4358.
USDJPY BEARISH As long as resistance at 81.06 is intact, expect decline towards 80.00 ahead of 79.57 key support.
GBPUSD BEARISH Break of 1.5972 has paved the way for further losses towards 1.5937 and 1.5881. Initial resistance lies at 1.6075.
USDCHF BEARISH Initial support is at 0.8340, a break here would open key level at 0.8327. Resistance lies at 0.8517.
AUDUSD BEARISH A break below 1.0441 would open 1.0390. Resistance is at 1.0651.
USDCAD BULLISH Recovery through 0.9806 has exposed 0.9849 and 0.9898. Support lies at 0.9715.
EURCHF BEARISH Focus is on initial support at 1.1832, a break here would signal weakness towards 1.1600 . Initial resistance lies at 1.2072.
EURGBP BULLISH Resistance is at 0.8952/77, a rise through this would open way to 0.9043. Support lies at 0.8848.
EURJPY BEARISH Clearance of 113.85 would open up key support at 113.47. Resistance lies at 115.42.
SCHEDULE
Please visit Fibosignals.com’s Economic Calendar for a schedule of market news and events.
A. White
Analyst at Fibosignals.com
DISCLAIMER: Fibosignals.com’s Daily Market Commentary is provided for informational purposes only. The information contained in these reports is gathered from reputable news sources and is not intended to be used as investment advice. Fibosignals.com assumes no responsibility or liability from gains or losses incurred by the information herein contained. Opinions, conclusions and other information expressed in this message are not given or endorsed by Fibosignals.com unless otherwise indicated by an authorized representative.
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