24th of February 2012 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
24 February 2012 – 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 BULLISH Break above 1.3322 has opened 1.3435 ahead of 1.3548. Support lies at 1.3187.

USDJPY BULLISH Next resistances are at 80.40 and 80.83. Support lies at 79.86.

GBPUSD NEUTRAL Resistances are at 1.5815 and 1.5881. Key downside trigger is at 1.5645 and next support is at 1.5582.

USDCHF NEUTRAL Support is at 0.8961 and 0.8862. Resistance is at 0.9149 ahead of 0.9207.

AUDUSD NEUTRAL Support lies at 1.0598 and 1.0570. Resistance is at 1.0756 ahead of 1.0845, the Feb. 8 key high.

USDCAD BEARISH Momentum is negative; support lies at 0.9924, a move below which would open the key low at 0.9892. Resistance is at 1.0020.

EURCHF NEUTRAL Resistance is at 1.2084 and support is at 1.2032, the month-to-date low.

EURGBP BULLISH Clearance of 0.8486 has opened 0.8562 ahead of 0.8598. Support lies at 0.8453.

EURJPY BULLISH Resistance is at 107.65 ahead of 108.16. Support is at 106.16.


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

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