DAILY MARKET COMMENTARY
28 March 2011 – 8:00 GMT
Monday
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Market Analysis Desk
Foreign Exchange Research: www.fibosignals.com/5585/resources.html
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TECHNICAL DATA
USDJPY targets 82.01.
EURUSD BULLISH Key support is at 1.3935; while this holds, expect recovery towards 1.4220 and 1.4249/82 resistance zone.
USDJPY NEUTRAL The pair targets 82.01; a break here would trigger positive tone and expose 82.45. Initial support lies at 80.69.
GBPUSD BEARISH Downside pressure on 1.5977/64 area, break through this would confirm the bear trend and expose 1.5873. Resistance is at 1.6142.
USDCHF NEUTRAL Recovery through 0.9198 exposes 0.9317, support lies at 0.9076.
AUDUSD BULLISH Recovery through 1.0256 has exposed 1.0333. Near-term support is at 1.0113.
USDCAD BEARISH Focus is on the downside with initial support at 0.9705 ahead of 0.9668 key low. Resistance at 0.9844.
EURCHF BULLISH Break through 1.3004/40 area would pave the way for gains towards 1.3138. Support is at 1.2788/36.
EURGBP BULLISH The cross pulled back from 0.8818; a move above this would expose 0.8885. Near-term support is at 0.8664.
EURJPY BULLISH Focus is on 115.57; break here would open up 116.00/68 area. Support lies at 113.56.
SCHEDULE
Please visit Fibosignals.com’s Economic Calendar for a schedule of market news and events.
A. White
Analyst at Fibosignals.com
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