DAILY MARKET COMMENTARY
29 March 2012 – 8:00 GMT
Thursday
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Market Analysis Desk
Foreign Exchange Research: www.fibosignals.com/5585/resources.html
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TECHNICAL DATA
EURUSD BULLISH Recovery stalled at 1.3386; a move above the level would shift our focus to the key high of 1.3486. Support lies at 1.3192.
USDJPY BULLISH Outlook is bullish; a move above 83.39 would pave the way for a climb to the key high of 84.18. Support lies at 82.33.
GBPUSD BULLISH Resistance is at this week's high of 1.6001 ahead of 1.6096. Support lies at 1.5842 ahead of 1.5801.
USDCHF BEARISH Clearance of 0.8961, the 62% retracement of Oct/Jan rally, would open 0.8931. Resistance is at 0.9137.
AUDUSD BEARISH The pair is approaching the last week's low of 1.0336; a break here would open 1.0260. Resistance is at 1.0462.
USDCAD NEUTRAL Initial resistance is at 1.0034 ahead of 1.0052, while support lies at 0.9901.
EURCHF NEUTRAL Resistance is at 1.2082 ahead of 1.2147. Support is at 1.2040.
EURGBP NEUTRAL Clearance of 0.8424 would trigger further gains towards 0.8470. Support lies at 0.8335.
EURJPY BULLISH A recovery through key resistance at 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
DISCLAIMER: Fibosignals.com’s Daily Market Commentary is provided for informational purposes only. The information contained in these reports is gathered from reputable news sources and is not intended to be used as investment advice. Fibosignals.com assumes no responsibility or liability from gains or losses incurred by the information herein contained. Opinions, conclusions and other information expressed in this message are not given or endorsed by Fibosignals.com unless otherwise indicated by an authorized representative.
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