DAILY MARKET COMMENTARY
27 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 BULLISH A clearance of 1.3302 resistance signals scope for further advance towards the key high of 1.3486. Support lies at 1.3192.
USDJPY NEUTRAL Recovery pressures 83.04; a break here would signal a bullish resumption. Support lies at 82.33.
GBPUSD BULLISH The pair targets 1.5993 key resistance, where a break would confirm the bullish trend conditions. Support lies at 1.5801 ahead of 1.5771.
USDCHF BEARISH Fresh downside pressure has developed following the break of 0.9072. Next target support is at 0.8931. Resistance is at 0.9137.
AUDUSD BEARISH Underlying trend is bearish; initial support is at 1.0427 ahead of 1.0336. Resistance is at 1.0596.
USDCAD BEARISH The focus is on the break of 0.9861 to open 0.9842. Resistance is at 0.9999.
EURCHF NEUTRAL Resistance is at 1.2082 ahead of 1.2147. Support is at 1.2040.
EURGBP NEUTRAL Resistance is at 0.8424, while support lies at 0.8283.
EURJPY BULLISH A rally through 110.47 has exposed 111.44 key high. Support lies at 109.18.
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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