DAILY MARKET COMMENTARY
15 June 2011 – 8:00 GMT
Wednesday
_____________________________________________________________________
Market Analysis Desk
Foreign Exchange Research: www.fibosignals.com/5585/resources.html
_____________________________________________________________________
TECHNICAL DATA
EURCHF 1.2318 resistance.
EURUSD NEUTRAL The pair pulled back from 1.4500, break above this level is required to signal resumption of bull trend and target 1.4551 next. Support lies at 1.4300.
USDJPY BEARISH Key support is at 80.00, break of this would expose 79.57. Resistance lies at 81.01.
GBPUSD NEUTRAL Initial resistance is at 1.6442, reaction high, while support is at 1.6211.
USDCHF BEARISH Resistance at 0.8547 holds; a move below 0.8348 would open key support at 0.8327.
AUDUSD BULLISH Recovery through 1.0726 would confirm the bull trend and expose 1.0775 next. Initial support is at 1.0569.
USDCAD NEUTRAL Pull back through 0.9712 has exposed support at 0.9649/01 area. Initial resistance at 0.9772 holds.
EURCHF BEARISH Push above initial resistance at 1.2318 would negate the ongoing trend. Move below 1.2000 would open 1.1811.
EURGBP NEUTRAL Downside trigger is at 0.8750 as resistance lies at 0.8847.
EURJPY BEARISH Move below initial support at 115.27 would open 114.86 and 114.48. Resistance lies at 116.87.
SCHEDULE
Please visit Fibosignals.com’s Economic Calendar for a schedule of market news and events.
A. White
Analyst at Fibosignals.com
DISCLAIMER: Fibosignals.com’s Daily Market Commentary is provided for informational purposes only. The information contained in these reports is gathered from reputable news sources and is not intended to be used as investment advice. Fibosignals.com assumes no responsibility or liability from gains or losses incurred by the information herein contained. Opinions, conclusions and other information expressed in this message are not given or endorsed by Fibosignals.com unless otherwise indicated by an authorized representative.
No comments:
Post a Comment