DAILY MARKET COMMENTARY
26 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 BULLISH Break above 1.4013 would expose 1.4100. Initial support lies at 1.3704.
USDJPY BEARISH Initial support lies at 75.74 ahead of 75.00, the psychological level. Resistance is at 76.49.
GBPUSD BULLISH Resistance is at 1.6083, a break through this level would open 1.6203. Near-term support lies at 1.5900.
USDCHF BEARISH Momentum is negative; key support lies at 0.8647 ahead of 0.8540. Resistance is at 0.8952.
AUDUSD BULLISH Resistance is at 1.0501 ahead of 1.0666. Initial support lies at 1.0203.
USDCAD BEARISH Support lies at 0.9991 ahead of 0.9885. Key resistance is at 1.0273.
EURCHF NEUTRAL Near-term directional triggers are at 1.2474 and 1.2123.
EURGBP BEARISH Support lies at 0.8632, a break below which would expose 0.8583. Initial resistance is at 0.8733.
EURJPY BULLISH Key resistance is at 106.54, a break above this level would open 107.68. Support lies at 104.78.
A. White
Analyst at Fibosignals.com
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