17th of November 2010 - Technical Forex Market Overview

DAILY Technical Forex Market Overview
17 November 2010 – 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

AUDUSD eyes 0.9652 support

EURUSD BEARISH Breach of 1.3574 has exposed 1.3363. Resistance at 1.3777 ahead of 1.4282

USDJPY BULLISH Focus on 83.99, only a break above 85.93 would confirm a bull trend. Initial support at 82.40 ahead of 81.66 reaction low

GBPUSD NEUTRAL Resistance at 1.6379 but support at 1.5804 is in view.

USDCHF BULLISH Rise above 0.9972 has exposed 1.0183. Near-term support at 0.9829

AUDUSD BEARISH Pullback from 1.0183 eyes 0.9652; next support at 0.9542 reaction low

USDCAD NEUTRAL Break of 1.0380 would put odds in favor of bull trend. Downside risks no more than 0.9931

EURCHF BEARISH Push through 1.3229 and 1.3072 would expose 1.2766. Sustained break of 1.3834 required for resumption of bull trend.

EURGBP BEARISH Sell-off from 0.8942 held at 0.8449. Next support at 0.8390

EURJPY BEARISH Remains heavy below 115.68; break of 111.05 reaction low would expose 107.73.

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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