DAILY MARKET COMMENTARY
21 September 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
EURUSD BEARISH Initial support lies at 1.3587, a break below this level would expose 1.3495. Resistance is at 1.3787 ahead of 1.3937.
USDJPY BEARISH Focus is on 75.95, the key low from Aug 19. A move below this level would open the psychological level of 75.00. Resistance is at 77.00.
GBPUSD BEARISH Decline through 1.5633 would expose 1.5583. Initial resistance is at 1.5797.
USDCHF BULLISH Clear break of 0.8928 would open the way towards 0.9012 and 0.9105. Near-term support lies at 0.8700, the intraday low.
AUDUSD BEARISH Watch for a move below 1.0126, the Fibonacci level, to expose 0.9928, while resistance holds at 1.0399.
USDCAD BULLISH Rise through 0.9977 would expose 1.0027, a key high from Sep.12. Initial support lies at 0.9766.
EURCHF BULLISH Break above 1.2191 has turned the model bullish and opened resistance at 1.2346 ahead of 1.2469. Support lies at 1.2051.
EURGBP BEARISH Fall below 0.8671 would expose 0.8639, followed by 0.8596. Resistance is at 0.8791.
EURJPY BEARISH Pressure is on 103.90, a key low from Sep 12. A break below this level would expose 102.02. Resistance is at 106.00.
A. White
Analyst at Fibosignals.com
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