29th of August 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
29 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

USDCHF clears 0.8017.

EURUSD BULLISH Rise through 1.4536 would open 1.4578 ahead of 1.4697. Support lies at 1.4328.

USDJPY BEARISH Break below 76.34 would confirm the bear trend and expose the key low at 75.95. Resistance is at 77.52.

GBPUSD NEUTRAL Resistance is at 1.6534 and support lies at 1.6208.

USDCHF BULLISH Clearance of 0.8017 has paved the way for gains towards 0.8178 and 0.8278. Initial support lies at 0.7893.

AUDUSD NEUTRAL Break above 1.0602 has opened resistance at 1.0786 and support at 1.0419.

USDCAD NEUTRAL Fall through 0.9792 has turned the model neutral. Initial resistance is at 0.9939 and support at 0.9742.

EURCHF BULLISH Sharp rise through 1.1663 has opened the way for further gains towards 1.1892 and 1.1984. Support lies at 1.1396.

EURGBP BULLISH Key resistance is at 0.8886, a break of which would expose 0.8915, a Fibonacci level. Initial support is at 0.8795.

EURJPY NEUTRAL Resistance is at 111.83, a Fibonacci level. Support lies at 109.94.


A. White
Analyst at Fibosignals.com

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