6th of September 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
6 September 2011 – 8:00 GMT
Tuesday

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


TECHNICAL DATA

EURUSD BEARSIH Break below 1.4055, the key low would open the way towards 1.3951 ahead of the key low from July 12 of 1.3837. Initial resistance is at 1.4288.

USDJPY BEARISH Initial support lies at 76.34; break below which would expose 75.95, the key low from Aug 19. Resistance is at 77.24.

GBPUSD BEARISH Sell-off through 1.6069 has exposed initial support at 1.6006, a move below which would open 1.5906. Near-term resistance is at 1.6261.

USDCHF NEUTRAL Resistance is at 0.8088, while support lies at 0.7712.

AUDUSD BULLISH Initial resistance is at 1.0666 ahead of 1.0765, while support at 1.0445 holds.

USDCAD BULLISH Sharp rally through 0.9901 has exposed resistance at 0.9969 ahead of 1.0010. Support lies at 0.9854.

EURCHF NEUTRAL Initial resistance is at 1.1353, while support lies at 1.0799, a key retracement level.

EURGBP NEUTRAL Near-term directional triggers are at 0.8822 and 0.8697.

EURJPY BEARISH Decline through 108.03 would signal extension of losses towards 106.61 ahead of 105.44. Initial resistance is at 109.12.


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.