DAILY MARKET COMMENTARY
13 July 2011 – 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
USDJPY 78.44 support
EURUSD BEARISH A break below 1.3837 would open 1.3752 and 1.3659. Resistance holds at 1.4295 for now.
USDJPY BEARISH The pair found support ahead of 78.44 Fibonacci level. A break here would open 76.25 key low. Near-term resistance is at 80.38.
GBPUSD BEARISH Focus is on 1.5752, a break below which would expose 1.5676. Resistance is at 1.6056.
USDCHF BEARISH Key support is at 0.8276, a move below the level would open 0.8165. Resistance is at 0.8551.
AUDUSD NEUTRAL 1.0790 and 1.0391 mark the near-term directional triggers.
USDCAD BEARISH Initial support is at 0.9566 ahead of 0.9513. Resistance is at 0.9779, yesterday's high.
EURCHF BEARISH Initial support is at 1.1500, a decline through which would expose 1.1458. Resistance is at 1.1806.
EURGBP BEARISH Sell-off targets 0.8722; a break here is required to confirm the bear trend and expose 0.8667. Resistance is at 0.8839.
EURJPY BEARISH Currently holds support at 109.58; a move below the level would open 107.99 and 106.61 next. Near-term resistance is at 112.95.
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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