DAILY MARKET COMMENTARY
1 August 2011 – 8:00 GMT
Monday
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Market Analysis Desk
Foreign Exchange Research: www.fibosignals.com/5585/resources.html
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TECHNICAL DATA
AUDUSD resistance 1.1081.
EURUSD BULLISH A break above 1.4536 would expose 1.4578, a key high. Near-term support lies at 1.4230.
USDJPY BEARISH Key support lies at 76.25, the key low, while resistance at 78.73 holds.
GBPUSD BULLISH Rise through 1.6496 would open 1.6547, a key high. Initial support lies at 1.6261.
USDCHF BEARISH The pair has support at 0.7693, the channel lower drawn off the Feb 11 high, ahead of 0.7541. Resistance is at 0.8070.
AUDUSD BULLISH Clearance of 1.1081 would expose 1.1198. Initial support lies at 1.0911.
USDCAD BEARISH Initial support is at 0.9486, a move below which would open the way towards 0.9458. Resistance is at 0.9590.
EURCHF BEARISH Near-term support lies at 1.1272 ahead of 1.0920. Resistance comes in at 1.1536.
EURGBP BEARISH Violation of 0.8705 would open the way towards 0.8657. Resistance is at 0.8806.
EURJPY BEARISH Key support lies at 109.58, a break of which would expose 108.53. Initial resistance is at 113.57.
A. White
Analyst at Fibosignals.com
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