13th of March 2012 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
13 March 2012 – 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 Support is at 1.3079 ahead of 1.2974, the Feb. 16 key low. Resistance is at 1.3291.

USDJPY BULLISH Focus is now on 82.65, a break here would open 83.13 next. Support lies at 81.87.

GBPUSD BEARISH Decline through 1.5603 would expose 1.5525. Resistance is at 1.5834.

USDCHF NEUTRAL Initial support lies at 0.9072 ahead of 0.9022. Resistances are at 0.9219 and 0.9300.

AUDUSD BEARISH Next supports are at 1.0474 and 1.0428. Resistance is at 1.0577.

USDCAD BEARISH Support lies at 0.9873 ahead of 0.9842, the year-to-date low. Resistance is at 0.9969.

EURCHF NEUTRAL The cross continues to trade choppy in a narrow range. Resistance is at 1.2084 and support is at 1.2040.

EURGBP BULLISH Break above 0.8410 has opened the way towards 0.8433 and 0.8461. Support lies at 0.8343.

EURJPY BULLISH The cross targets 108.74, a break above which would open 109.93, the year-to-date high. Support is at 106.60.


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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