6th of December 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
6 December 2011 – 8:00 GMT
Tuesday

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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 1.3259, a break here would open the key low of 1.3212. Resistance is at 1.3487.

USDJPY BULLISH Resistance is at 78.29, a move above which would expose 78.83. Support lies at 77.49.

GBPUSD BEARISH Support lies at 1.5526 ahead of 1.5459. Resistance is at 1.5726.

USDCHF BULLISH Resistance is at 0.9252, a clearance of which would expose 0.9331, the key high from Nov. 25. Support lies at 0.9112.

AUDUSD BULLISH Break above 1.0272 would expose 1.0328. Support lies at 1.0151 ahead of 1.0074.

USDCAD NEUTRAL Resistance is at 1.0223 ahead of 1.0364 whereas support lies at 1.0121 ahead of 1.0079.

EURCHF BULLISH Key resistance is at 1.2474; a break above which would be a key bullish event and open 1.2646. Support lies at 1.2226.

EURGBP NEUTRAL The near-term directional triggers are at 0.8620 and 0.8519.

EURJPY NEUTRAL Support lies at 103.34 ahead of 102.49 while resistance is at 105.00 and then 105.70.


A. White
Analyst at Fibosignals.com

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