15th of February 2012 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
15 February 2012 – 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 BULLISH Resistance is at 1.3291 ahead of 1.3322. Key near-term support lies at 1.3028.

USDJPY BULLISH Clearance of 78.29 had opened 78.76 ahead of 78.98. Support is at 78.29.

GBPUSD NEUTRAL Supports are at 1.5642 and 1.5582. Resistance is at 1.5771 ahead of 1.5849.

USDCHF NEUTRAL Key support lies at 0.9066; a decline through which would expose 0.8961. Resistance is at 0.9263 ahead of 0.9339.

AUDUSD BULLISH Near-term resistance is at 1.0791 ahead of 1.0845. Support lies at 1.0629.

USDCAD BEARISH Momentum conditions are bearish; two key supports to watch are at 0.9926 and 0.9892. Resistance is at 1.0052, a prior low.

EURCHF NEUTRAL Key near-term resistance is at 1.2133 ahead of 1.2149. Support lies at 1.2054 ahead of key low at 1.2032.

EURGBP BEARISH Initial support lies at 0.8330 ahead of 0.8283. Key resistance is at 0.8422.

EURJPY BULLISH Break above 103.29 has opened the way for 103.98 and then 104.32. Support is at 101.66.


SCHEDULE

Please visit our Economic Calendar for a for a schedule of market news and events: http://www.fibosignals.com/5585/calendar.html.

A. White
Analyst at Fibosignals.com

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