DAILY MARKET COMMENTARY
30 June 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
EURCHF 1.2147 key resistance.
EURUSD BULLISH Clearance of 1.4498 signals potential for further gains towards 1.4697. Initial support is at 1.4333.
USDJPY BEARISH As long as resistance at 82.21 is intact, expect decline towards 79.70 and 79.57. Near-term resistance is at 81.27.
GBPUSD BEARISH Break of 1.5911 would expose 1.5881 Fibonacci support. Resistance is at 1.6263.
USDCHF BEARISH Watch support at 0.8276, a break below which would leave little support till 0.8165. Initial resistance is at 0.8439.
AUDUSD BULLISH Following the recovery through 1.0726, the pair now targets 1.0775. A break here would open 1.0889. Support lies at 1.0520.
USDCAD NEUTRAL Break of 0.9671 has exposed 0.9641, while near-0term resistance is at 0.9825.
EURCHF BEARISH Key resistance is at 1.2147; while this holds, expect decline towards 1.1925 and 1.1806.
EURGBP BULLISH Rise through 0.9000 has paved the way for gains to 0.9043, the key level. Support lies at 0.8928.
EURJPY NEUTRAL The near-term directional triggers are at 117.90 and 115.13.
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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