23rd of November 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
23 November 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 BEARISH Focus is on 1.3406, a break below which would expose 1.3346. Resistance is at 1.3614.

USDJPY BEARISH Initial support lies at 76.58 ahead of 76.34. Near-term resistance is at 77.33.

GBPUSD BEARISH Near-term support lies at 1.5543 ahead of 1.5483. Resistance is at 1.5692.

USDCHF BULLISH Initial resistance is at 0.9237, a rise through which would expose 0.9316, the key high from Oct. 6. Support lies at 0.9079.

AUDUSD BEARISH Momentum is negative; the pair targets 0.9710, a move below which would open 0.9622. Resistance is at 0.9856.

USDCAD BULLISH Next resistances are at 1.0477 and 1.0572. Support lies at 1.0270.

EURCHF BULLISH Near-term resistance is at 1.2416 ahead of 1.2474, a key high from Oct. 19. Key support lies at 1.2281.

EURGBP NEUTRAL Resistance is at 0.8670, a break through which would open 0.8699. Support lies at 0.8547 ahead of 0.8519.

EURJPY BEARISH Key support is at 103.23; a clear break below would expose 102.43. Resistance is at 104.39.


A. White
Analyst at Fibosignals.com

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