DAILY MARKET COMMENTARY
12 October 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
EURUSD NEUTRAL Near-term resistance is at 1.3837 ahead of 1.3937, while support lies at 1.3346.
USDJPY NEUTRAL Resistance is at 77.34, trendline drawn off Apr. 7 high, ahead of 77.86. Key support lies at 75.95.
GBPUSD NEUTRAL Key resistance area is at 1.5716/81. Support is at 1.5423 and 1.5272, a key low from Oct. 6.
USDCHF BULLISH A break above 0.9340 would expose 0.9401, a Fibonacci level. Support lies at 0.8919.
AUDUSD NEUTRAL Initial resistance is at 1.0035 ahead of 1.0239, a Fibonacci level. Support lies at 0.9728 ahead of 0.9622.
USDCAD NEUTRAL Break above 1.0419 would expose 1.0483, while a move below 1.0235 would open the key support of 1.0144.
EURCHF BULLISH Rise through 1.2495 would open the way towards 1.2646. Support lies at 1.2218.
EURGBP NEUTRAL Key resistance is at 0.8795; a break above which would expose 0.8842. Support lies at 0.8583 ahead of key low of 0.8530.
EURJPY NEUTRAL Near-term directional triggers are at 106.99 and 100.76.
A. White
Analyst at Fibosignals.com
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