DAILY MARKET COMMENTARY
4 January 2012 – 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 Momentum is negative; initial support lies at 1.2904 ahead of key low at 1.2858. Resistance is at 1.3119.
USDJPY BEARISH Support lies at 76.33, a move below which would open key low of 75.35. Near-term resistance is at 77.17.
GBPUSD BEARISH Break below 1.5469 would open 1.5402 next. Resistance is at 1.5692 ahead of the upside trigger at 1.5728.
USDCHF BULLISH Resistance is at 0.9470, a clearance of which would expose the key high of 0.9548. Key support lies at 0.9244.
AUDUSD BULLISH Pair tested the key resistance of 1.0380, a clear break above this level would open the way for 1.0447 and 1.0496. Support is at 1.0233.
USDCAD BEARISH Key support lies at 1.0052, a break below which would open 0.9975. Resistance is at 1.0220.
EURCHF BEARISH Initial support lies at 1.2126 ahead of key low at 1.2012. Resistance is at 1.2254.
EURGBP BEARISH Focus is on 0.8303, a push below which would expose 0.8285, January 2010 low. Resistance is at 0.8426.
EURJPY BEARISH Near-term support lies at 99.42 ahead of key low 98.66. Resistance is at 100.93.
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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