DAILY MARKET COMMENTARY
24 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 Support lies at 1.3242 ahead of 1.3146, the key low from Oct. 4. Resistance is at 1.3531.
USDJPY BEARISH Initial support lies at 76.84, a break of which would expose 76.58. Resistance is at 77.58.
GBPUSD BEARISH Focus is on 1.5483 and next support is at 1.5423. Resistance is at 1.5656.
USDCHF BULLISH Initial resistance is at 0.9237, a rise through which would expose 0.9316, the key high from Oct. 6. Support lies at 0.9079.
AUDUSD BEARISH Break of 0.9710 has opened the way towards 0.9622 and then 0.9488. Resistance is at 0.9856.
USDCAD BULLISH Clearance of 1.0477 has opened 1.0572 ahead of 1.0658, the Oct. 4 key high. Support lies at 1.0346.
EURCHF NEUTRAL Near-term resistance is at 1.2354 ahead of 1.2474, a key high from Oct. 19. Support lies at 1.2165 ahead of 1.2123.
EURGBP NEUTRAL Near-term directional triggers are at 0.8665 and 0.8519.
EURJPY BEARISH Decline through 103.23 has opened support at 102.43 and 101.62. Resistance is at 104.39.
A. White
Analyst at Fibosignals.com
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