20th of October 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
20 October 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 BULLISH Key resistance is at 1.3937; a break above which would open 1.4013. Support lies at 1.3653 ahead of 1.3566.

USDJPY NEUTRAL Resistance is at 77.49 while support lies at 76.31.

GBPUSD BULLISH Clearance of 1.5853 would expose 1.5945. Support lies at 1.5632.

USDCHF NEUTRAL Focus is on 0.9123 ahead of 0.9316. Initial support lies at 0.8881 ahead of 0.8786.

AUDUSD BULLISH Initial resistance is at 1.0264 ahead of key high of 1.0399. Near-term support lies at 1.0102 ahead of 1.0000.

USDCAD NEUTRAL Resistance is at 1.0273 and 1.0339 while support lies at 1.0085 and 1.0044.

EURCHF BULLISH Resistance is at 1.2495, a break above this level would expose 1.2646. Support lies at 1.2290.

EURGBP BULLISH Break above 0.8797 would expose 0.8842. Support lies at 0.8688/64 area.

EURJPY BULLISH Initial resistance is at 106.54 ahead of 107.68. Support lies at 104.02.


A. White
Analyst at Fibosignals.com

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