5th of October 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
5 October 2011 – 8:00 GMT
Wednesday

_____________________________________________________________________
Market Analysis Desk
Foreign Exchange Research: www.fibosignals.com/5585/resources.html
_____________________________________________________________________


TECHNICAL DATA

EURUSD BEARISH Initial support lies at 1.3089 ahead of 1.2867, a key low from Jan. 10. Near-term resistance is at 1.3601.

USDJPY NEUTRAL Near-term directional triggers are at 77.86 and 75.95.

GBPUSD BEARISH Key support is at 1.5328; a move below this level would expose 1.5251 ahead of 1.5192. Resistance is at 1.5597.

USDCHF BULLISH Rise through 0.9340 would expose 0.9506. Support lies at 0.9078.

AUDUSD BEARISH Break below 0.9331 would open the way for 0.9218. Initial resistance is at 0.9701.

USDCAD BULLISH Initial resistance is at 1.0680, a break above which would open the way for 1.0745. Support lies at 1.0432.

EURCHF BULLISH Key resistance is at 1.2346/1.2403 area. Next resistance is at 1.2646. Support lies at 1.2051.

EURGBP BEARISH Initial support is at 0.8530, a key low from Sep. 12, ahead of 0.8456. Resistance is at 0.8711.

EURJPY BEARISH Decline through 100.76 would open 100.00, the psychological level. Resistance is at 104.48.


A. White
Analyst at Fibosignals.com

DISCLAIMER: Fibosignals.com’s Daily Market Commentary is provided for informational purposes only. The information contained in these reports is gathered from reputable news sources and is not intended to be used as investment advice. Fibosignals.com assumes no responsibility or liability from gains or losses incurred by the information herein contained. Opinions, conclusions and other information expressed in this message are not given or endorsed by Fibosignals.com unless otherwise indicated by an authorized representative.