DAILY MARKET COMMENTARY
23 December 2011 – 8:00 GMT
Friday
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Market Analysis Desk
Foreign Exchange Research: www.fibosignals.com/5585/resources.html
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TECHNICAL DATA
EURUSD BEARISH Initial support lies at 1.2994 ahead of key low at 1.2946. Resistance is at 1.3197.
USDJPY NEUTRAL Pair is trading in a narrow range with directional triggers at 78.29 and 77.49.
GBPUSD NEUTRAL Key resistance is at 1.5780 ahead of 1.5889. Support lies at 1.5497 ahead of 1.5465.
USDCHF NEUTRAL Support lies at 0.9235 ahead of 0.9176. Resistance is at 0.9415 ahead of key high of 0.9548.
AUDUSD NEUTRAL Resistance is at 1.0219 ahead of 1.0258. Support lies at 1.0052 ahead of 0.9895.
USDCAD BULLISH Near-term resistance is at 1.0309 ahead of 1.0389. Key support is at 1.0194.
EURCHF BEARISH Initial support lies at 1.2164 ahead of 1.2123, the Oct. 3 key low. Resistance is at 1.2254.
EURGBP BEARISH Support is at 0.8303, a decline through which would expose the year-to-date low of 0.8285. Resistance is at 0.8390.
EURJPY BEARISH Key support area is at 101.05/100.76, a violation of which would open the psychological support of 100.00. Resistance is at 102.54.
SCHEDULE
Please visit our Economic Calendar for a for a schedule of market news and events: http://www.fibosignals.com/5585/calendar.html.
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.
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