DAILY MARKET COMMENTARY
26 July 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
AUDUSD clears 1.0889
EURUSD BULLISH While support lies at 1.4324, watch for a move above 1.4578 to confirm the bull trend and extend gains towards 1.4697.
USDJPY BEARISH Momentum is negative; a decline through 77.41 would open 76.25, a key low. Resistance is at 79.32.
GBPUSD BULLISH Clearance of 1.6366 would open the way towards 1.6442. Initial support lies at 1.6262.
USDCHF BEARISH Pressure on 0.8000 psychological level; a break here would open 0.7790. Resistance is at 0.8178.
AUDUSD BULLISH Rise through 1.0889 has opened 1.0953 ahead of 1.1012, key high from May 2. Support lies at 1.0796.
USDCAD BEARISH The pair has initial support at 0.9423, a move below which would expose 0.9385. Near-term resistance is at 0.9531.
EURCHF BEARISH Support lies at 1.1496 ahead of 1.1374. Resistance is at 1.1781.
EURGBP NEUTRAL A move above 0.8895 would trigger a bull trend. Support lies at 0.8798.
EURJPY BEARISH A decline through 111.46 would expose 110.66. Resistance is at 113.66.
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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