DAILY MARKET COMMENTARY
22 September 2011 – 8:00 GMT
Thursday
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Market Analysis Desk
Foreign Exchange Research: www.fibosignals.com/5585/resources.html
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TECHNICAL DATA
EURUSD BEARISH Break below 1.3587 has opened support at 1.3495 ahead of 1.3428. Resistance is at 1.3787.
USDJPY BEARISH Move below 75.95, the key low, would open the psychological level of 75.00. Resistance is at 77.28.
GBPUSD BEARISH Momentum is negative; sharp fall through 1.5513 has opened the way for further losses towards 1.5407 and 1.5345. Resistance is at 1.5520.
USDCHF BULLISH Clearance of 0.9012 has opened 0.9105 ahead of 0.9200. Near-term support lies at 0.8700.
AUDUSD BEARISH Fall through 1.0126 has opened 0.9928, a move below which would expose 0.9959. Resistance is at 1.0313.
USDCAD BULLISH Rise through 1.0058 has paved the way for further gains towards 1.0179 an 1.0209. Initial support lies at 1.0052.
EURCHF BULLISH The cross has strong resistance at 1.2346/1.2403 area. Break above this would expose 1.2646. Support lies at 1.2051.
EURGBP NEUTRAL Rally through 0.8791 has turned the model neutral; the near-term directional triggers are at 0.8886 and 0.8596.
EURJPY BEARISH Decline through 103.90 has opened 102.02 ahead of psychological level of 100.00. Resistance is at 105.33.
A. White
Analyst at Fibosignals.com
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