DAILY MARKET COMMENTARY
27 July 2011 – 8:00 GMT
Wednesday
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Market Analysis Desk
Foreign Exchange Research: www.fibosignals.com/5585/resources.html
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TECHNICAL DATA
AUDUSD clears 1.1012
EURUSD BULLISH While support lies at 1.4324, a break above 1.4578 would signal extension of gains towards 1.4697.
USDJPY BEARISH Momentum is negative; scope for further weakness towards 77.41 ahead of 76.25, a key low. Resistance is at 78.70.
GBPUSD BULLISH A clearance of 1.6473 would open 1.6547. Initial support lies at 1.6262.
USDCHF BEARISH Watch for a clear break of 0.8000, psychological level, to extend weakness towards 0.7927. Resistance is at 0.8178.
AUDUSD BULLISH Rise through 1.1012 has paved the way towards 1.1198. Support lies at 1.0944.
USDCAD BEARISH Initial support lies at 0.9385 ahead of 0.9252. Near-term resistance is at 0.9531.
EURCHF BEARISH Violation of 1.1496 would expose 1.1374. Initial resistance is at 1.1781.
EURGBP NEUTRAL Near-term directional triggers are at 0.8895 and 0.8798.
EURJPY BEARISH While resistance at 113.66 remain intact, expect a decline towards 112.04 ahead of 111.46.
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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