26th of November 2010 - Technical Forex Market Overview

DAILY Technical Forex Market Overview
26 November 2010 – 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

AUDUSD targets 0.9652 support.

EURUSD BEARISH Momentum is negative; break of 1.3235 would expose 1.2988. Resistance at 1.3634.

USDJPY BULLISH Climb above 83.99 would expose 85.93. Initial support at 82.40 ahead of 81.66 reaction low.

GBPUSD BEARISH Violation of 1.5650 would open up the way towards 1.5297. Near-term resistance at 1.5838.

USDCHF BULLISH Rise above 0.9998 exposes 1.0183. Near-term support at 0.9849.

AUDUSD BEARISH The pair targets 0.9652 with scope for 0.9542 next. Resistance at 0.9954.

USDCAD BEARISH Holds below 1.0374 keeping our focus on the downside. Initial support defined at 1.0076 ahead of 0.9978.

EURCHF BEARISH Pullback from 1.3674 eyes 1.3229 support, break of the level would expose 1.3072. Near-term resistance at 1.3488.

EURGBP BEARISH Push below 0.8449 exposes 0.8390 next. Initial resistance at 0.8543.

EURJPY BEARISH Break of 109.35 would expose 107.73 ahead of 105.44. Near-term resistance at 113.67.

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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