30th of August 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
30 August 2011 – 8:00 GMT
Tuesday

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Market Analysis Desk
Foreign Exchange Research: www.fibosignals.com/5585/resources.html
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TECHNICAL DATA

EURUSD BULLISH Pressure is on 1.4578; a break above this level would open up 1.4697, the key high from June 7. Near-term support lies at 1.4328.

USDJPY BEARISH Decline through 76.34 would expose the key low of 75.95. Resistance is at 77.70.

GBPUSD NEUTRAL Resistance is at 1.6534 and key support lies at 1.6208.

USDCHF BULLISH Focus is on 0.8278, a break of which would expose 0.8398. Support lies at 0.8041.

AUDUSD BULLISH Clearance of 1.0786 would open the way for gains towards 1.1007. Initial support lies at 1.0561.

USDCAD NEUTRAL Key support lies at 0.9708, a Fibonacci level and resistance is at 0.9839.

EURCHF BULLISH Initial resistance is at 1.2172 ahead of the key high at 1.2346. Support lies at 1.1555.

EURGBP BULLISH Key resistance is at 0.8886; a rise through which would expose 0.8915, a Fibonacci level. Initial support is at 0.8795.

EURJPY BULLISH Break above 112.71 would confirm the bull trend and open 114.18, a reaction high. Initial support lies at 110.55.


A. White
Analyst at Fibosignals.com

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