DAILY Technical Forex Market Overview
26 October 2010 – 8:00 GMT
Tuesday
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Market Analysis Desk
Foreign Exchange Research: www.fibosignals.com/5585/resources.html
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TECHNICAL DATA
USDJPY targets 79.75.
EURUSD BULLISH Remains constructive above 1.3637/1.3559 support zone, trigger to bear trend. Resistance at 1.4159 ahead of 1.4373.
USDJPY BEARISH The pair targets 79.75 with scope for 77.91 next. Resistance at 81.49 yesterday's high.
GBPUSD BULLISH Holds above 1.5606 keeping our focus on the upside. Resistance at 1.5942 ahead of 1.6107.
USDCHF BEARISH Recovery has scope for 0.9918 breakout low. Next big support below 0.9463 at 0.9225.
AUDUSD BULLISH Upside potential targets 1.0004; move above the level would expose 1.0166. Support defined at 0.9662 ahead of 0.9542 reaction low.
USDCAD BEARISH Break of 1.0162 brings focus back to the downside with next support at 0.9981. Tough resistance at 1.0380/1.0407 area.
EURCHF BULLISH Violation of 1.3665 leaves next resistance at 1.3924. Near-term support at 1.3456 ahead of 1.3265.
EURGBP BULLISH Momentum is positive; expect extension of gains towards 0.9039 and 0.9150 next. Near-term support defined at 0.8773.
EURJPY BULLISH Need a break below 111.56 to trigger bear trend. Upside capped at 115.68.
SCHEDULE
Please visit Fibosignals.com’s Economic Calendar for a schedule of market news and events.
A. M. Negrin Bautista, CFA
Chief Analyst at Fibosignals.com
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