Thursday, November 17, 2011

17th of November 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
17 November 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 Near-term support is at 1.3406; a move below this would open 1.3346. Resistance is at 1.3557.

USDJPY BEARISH Decline through 76.82 would expose 76.34. Resistance is at 77.50.

GBPUSD BEARISH Support at 1.5719 is broken to open up 1.5681. Next support lies at 1.5614. Resistance is at 1.5828.

USDCHF BULLISH The pair approaches the key resistance at 0.9316; a clearance of which would expose 0.9506. Near-term support lies at 0.9139.

AUDUSD BEARISH A break through 1.0052 has opened 1.0000, which lies ahead of 0.9909. Resistance is at 1.0184.

USDCAD BULLISH Initial resistance is at 1.0288; a clearance here would likely extend the gains towards 1.0365. Support lies at 1.0159.

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 Initial support lies at 0.8519, a break below which would expose 0.8486. Resistance is at 0.8612.

EURJPY BEARISH Pressure is on support at 103.32; a move below this would expose 102.43. Resistance is at 104.39.


A. White
Analyst at Fibosignals.com

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