28th of March 2012 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
28 March 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 A move above 1.3386 would expose the key high of 1.3486. Support lies at 1.3192.

USDJPY BULLISH Trend is bullish; a move above 83.39 would pave the way for a climb to the key high of 84.18. Support lies at 82.64.

GBPUSD BULLISH A close above 1.5993 would be an important bullish development to confirm the bull trend and open 1.6096. Support lies at 1.5886.

USDCHF BEARISH The pair remains under pressure; support lies at 0.8961, the 62% retracement of Oct/Jan rally, ahead of the 0.8931. Resistance is at 0.9137.

AUDUSD BEARISH The pair is back under pressure with focus on 1.0336; a break here would open 1.0260. Resistance is at 1.0558.

USDCAD NEUTRAL The pair is trading within a range extending from 1.0052 to 0.9842.

EURCHF NEUTRAL Resistance is at 1.2082 ahead of 1.2147. Support is at 1.2040.

EURGBP NEUTRAL Trend is sideways with resistance at 0.8372 and support at 0.8283.

EURJPY BULLISH Outlook is bullish; a recovery through key resistance 111.44 would expose 111.94. Support lies at 109.18.


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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