Friday, November 25, 2011

25th of November 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
25 November 2011 – 8:00 GMT
Friday

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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 Near-term support lies at 76.93, a break of which would expose 76.58. Key upside trigger lies at 77.58.

GBPUSD BEARISH Momentum is negative; break of 1.5483 has opened 1.5423 ahead of 1.5272, Oct. 6 key low. Resistance is at 1.5566.

USDCHF BULLISH The pair is testing 0.9237, a clearance of which would expose 0.9316, the key high from Oct. 6. Support lies at 0.9079.

AUDUSD BEARISH Near-term support lies at 0.9664 ahead of 0.9488. Resistance is at 0.9786.

USDCAD BULLISH Clearance of 1.0498 would open 1.0572. Support lies at 1.0375.

EURCHF NEUTRAL Resistance is at 1.2354 ahead of 1.2474, a key high from Oct. 19. Support lies at 1.2255, a move below which would expose 1.2208.

EURGBP NEUTRAL Near-term directional triggers are at 0.8665 and 0.8519.

EURJPY BEARISH Support comes in at 102.43 ahead of 101.62. Resistance is at 104.39.


A. White
Analyst at Fibosignals.com

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