13th of September 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
13 September 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

USDCHF 0.8951 resistance.

EURUSD BEARISH As long as the resistance at 1.3837, July 12 low, holds, watch for a move below 1.3495 to expose 1.3428.

USDJPY NEUTRAL Near-term directional triggers are at 78.10 and 76.43.

GBPUSD BEARISH Clear break below 1.5781 would open the way for 1.5719. Resistance is at 1.5991.

USDCHF BULLISH Rise through 0.8951, a key high from May 16, would open up 0.9012. Support lies at 0.8706.

AUDUSD BEARISH Decline through 1.0248, a Fibonacci level would expose 1.0111. Resistance is at 1.0478.

USDCAD BULLISH Look for a move above 1.0027 to expose 1.0058, a key high from Jan 31, while support at 0.9869 holds.

EURCHF NEUTRAL The key directional triggers are at 1.2191 and 1.2000.

EURGBP BEARISH Support lies at 0.8530 ahead of 0.8479. Resistance is at 0.8720.

EURJPY BEARISH Break below 103.90 would expose 102.45. Resistance is at 106.61, March 17 low.


A. White
Analyst at Fibosignals.com

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