9th of November 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
9 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

GBPUSD 1.6167 resistance

EURUSD NEUTRAL Initial support lies at 1.3681 ahead of 1.3609. Resistance is at 1.3871 ahead of 1.4003.

USDJPY NEUTRAL Resistance is at 77.79 ahead of 78.10. Support lies at 77.44 ahead of 76.95.

GBPUSD BULLISH Key resistance is at 1.6167; a break through which would open 1.6203. Support lies at 1.5980.

USDCHF BULLISH Resistance is at 0.9083; a break above which would open 0.9139. Near-term support lies at 0.8862.

AUDUSD NEUTRAL Resistance is at 1.0447, while support lies at 1.0203.

USDCAD NEUTRAL Support lies at 1.0055 ahead of 1.0021. Resistance is at 1.0229 ahead of 1.0273.

EURCHF BULLISH Key resistance is at 1.2474, a clearance of this level would open 1.2646. Support lies at 1.2321.

EURGBP BEARISH Near-term support lies at 0.8548, a break below which would open the key low from Sept. 12 of 0.8530. Resistance is at 0.8656.

EURJPY BULLISH Resistance is at 108.25, a break above which would open 109.24. Key support lies at 106.50.


A. White
Analyst at Fibosignals.com

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