17th of October 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
17 October 2011 – 8:00 GMT
Monday

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

EURUSD BULLISH Initial resistance is at 1.3937 ahead of 1.4013. Support lies at 1.3685 and 1.3566.

USDJPY NEUTRAL Resistance is at 77.49 ahead of 77.86, while support is at 76.68 ahead of 76.31.

GBPUSD BULLISH Break above 1.5869 would expose 1.5945. Near-term support lies at 1.5667.

USDCHF NEUTRAL Support lies at 0.8836, a break here would expose 0.8647. Resistance is at 0.9123 ahead of 0.9316.

AUDUSD BULLISH Clearance of 1.0399 would open 1.0440/78 area. Near-term support lies at 1.0102.

USDCAD NEUTRAL Support lies at the psychological level of 1.0000 ahead of 0.9910, while resistance is at 1.0273 ahead of 1.0339.

EURCHF BULLISH Resistance is at 1.2435/95 area, a break above which would open the way for 1.2646. Initial support lies at 1.2218.

EURGBP BULLISH Focus is on 0.8795, a move above which would expose 0.8842. Support lies at 0.8688.

EURJPY BULLISH Resistance is at 108.00 ahead of 109.09, while support lies at 105.13.


A. White
Analyst at Fibosignals.com

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