5th of September 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
5 September 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

EURUSD BEARSIH Sell-off continues; near-term support lies at 1.4104 ahead of the Aug. 5 key low of 1.4055. Resistance is at 1.4288.

USDJPY BEARISH Support lies at 75.95, the low from Aug 19 and resistance is at 77.70.

GBPUSD BEARISH The pair targets 1.6111, where a break would expose 1.6101, the Fibonacci level. Initial resistance is at 1.6261.

USDCHF NEUTRAL Resistance is at 0.8088, while support lies at 0.7712.

AUDUSD BULLISH Recent pullback is seen as a correction; A move above 1.0765 would open 1.0809. Support comes in at 1.0419.

USDCAD BULLISH Clearance of 0.9901 would expose 0.9939. Support lies at 0.9754.

EURCHF NEUTRAL Near-term directional triggers are at 1.0799, a Fibonacci level, and 1.1621.

EURGBP NEUTRAL Resistance is at 0.8822 and support at 0.8697.

EURJPY BEARISH Focus is on initial support at 108.52, a break here would open key low at 108.03. Initial resistance is at 109.89.


A. White
Analyst at Fibosignals.com

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