30th of March 2012 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
30 March 2012 – 8:00 GMT
Friday

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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 rise through 1.3386 would signal extension of gains to the key high of 1.3486. Support lies at 1.3252.

USDJPY BEARISH The pair is testing the key support at 81.96; a close below the level would be an important bearish development to open 81.47 next. Resistance is at 82.50.

GBPUSD BULLISH Resistance targets this week's high of 1.6001; a clear break of the level would open 1.6096. Support lies at 1.5861.

USDCHF BEARISH A move below the recent low of 0.9016 would open up the way towards 0.8961, the 62% retracement of Oct/Jan rally. Resistance is at 0.9137.

AUDUSD BEARISH Trend is bearish; a move below yesterday's low of 1.0305 would open 1.0260. Resistance is at 1.0463.

USDCAD NEUTRAL Trend conditions are unclear; initial resistance is at 1.0034 ahead of 1.0052, while support lies at 0.9947.

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

EURGBP NEUTRAL Initial resistance is at 0.8395 ahead of the key bull trigger at 0.8424. Support lies at 0.8300.

EURJPY NEUTRAL Support at 108.49 is still intact; a rise above the mid-point of recent sell-off at 110.01 would signal resumption of gains and open 111.26.


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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