16th of February 2012 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
16 February 2012 – 8:00 GMT
Thusday

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Market Analysis Desk
Foreign Exchange Research: www.fibosignals.com/5585/resources.html
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TECHNICAL DATA

EURUSD NEUTRAL The pair is testing 1.3028; a clear break here would open 1.2973 ahead of 1.2891. Resistance is at 1.3216 ahead of 1.3291.

USDJPY BULLISH Resistances are at 78.76 and 78.98. Support is at 78.18.

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

USDCHF NEUTRAL Key upside trigger is at 0.9263, a clear break here would open 0.9339. Support lies at 0.9143 ahead of key low at 0.9066.

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

USDCAD BEARISH Key supports to watch are at 0.9926 and 0.9892. Resistance is at 1.0052, a prior low.

EURCHF NEUTRAL Near-term resistance is at 1.2116 ahead of key high of 1.2133. Support lies at 1.2054 ahead of 1.2032, the month-to-date low.

EURGBP BEARISH Decline through 0.8330 has opened supports at 0.8283 and 0.8265. Key resistance is at 0.8422.

EURJPY BULLISH Resistance is at 103.49 ahead of 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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