DAILY MARKET COMMENTARY
16 November 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 Momentum is negative; support lies at 1.3406 ahead of 1.3346. Resistance is at 1.3540.
USDJPY BEARISH Near-term support lies at 76.82 ahead of 76.34. Resistance is at 77.50.
GBPUSD BEARISH Focus is on 1.5719, a break below which would expose 1.5681. Resistance is at 1.5828.
USDCHF BULLISH Key resistance is at 0.9316; a clearance of which would expose 0.9506. Near-term support lies at 0.9079.
AUDUSD BEARISH Pressure is on 1.0052, a break through which would open the way for losses towards 1.0000 and 0.9909. Resistance is at 1.0182.
USDCAD BULLISH Clearance of 1.0273 has opened 1.0365 ahead of 1.0419. Support lies at 1.0199.
EURCHF BULLISH Rise through the key high of 1.2474 would signal scope for gains towards 1.2646. Support lies at 1.2281.
EURGBP BEARISH Decline through 0.8486, the key low from Nov. 10, would expose 0.8456. Resistance is at 0.8558.
EURJPY BEARISH Break below 103.32 would expose 102.43. Resistance is at 104.38.
A. White
Analyst at Fibosignals.com
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