14th of September 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
14 September 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

USDCHF 0.8951 resistance.

EURUSD BEARISH Initial support lies at 1.3495, a break below which would expose 1.3428. Resistance is at 1.3837, July 12 low.

USDJPY BEARISH Break below 76.43 would confirm the bear trend and open up 75.95, the key low. Resistance is at 77.86.

GBPUSD BEARISH Fall below 1.5752 has opened support at 1.5719 ahead of 1.5676. Resistance is at 1.5870.

USDCHF BULLISH Key resistance is at 0.8951; a move above which would open the way for 0.9105. Support lies at 0.8706.

AUDUSD BEARISH Momentum is negative; the break of 1.0248 has opened 1.0111 ahead of 0.9928. Resistance is at 1.0376.

USDCAD BULLISH Rise through 0.9977 would pave the way for 1.0027. Support is at 0.9830.

EURCHF NEUTRAL Resistance is at 1.2191 and support lies at 1.2000.

EURGBP BEARISH Decline through 0.8596 would expose 0.8530. Near-term resistance is at 0.8720.

EURJPY BEARISH Initial support lies at 103.90 ahead of 102.45. Resistance is at 106.61, March 17 low.


A. White
Analyst at Fibosignals.com

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