17th of April 2012 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
17 April 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 1.2974/54 area, a break through which would signal extension of weakness. Resistance is at 1.3213.

USDJPY BEARISH Our support focus is on 80.10, a break here would open 79.53. Resistance is at 81.20 ahead of 81.87.

GBPUSD BEARISH The pair targets 1.5801; a break here would expose 1.5779. Resistance is at 1.5986.

USDCHF NEUTRAL Initial resistance is at 0.9252, a move above would open 0.9335. Support lies at 0.9092 ahead of 0.9002.

AUDUSD BEARISH Near-term support is at 1.0226, a clearance of which would signal resumption of weakness towards 1.0119. Resistance is at 1.0471.

USDCAD NEUTRAL The range extending from 1.0052 to 0.9834 is intact. Initial support lies at 0.9888.

EURCHF NEUTRAL Resistance is at 1.2049 ahead of 1.2070, while support lies at 1.2000.

EURGBP BEARISH A clear break below 0.8222 would be an important bearish development. Next support comes in at 0.8201 ahead of 0.8142. Resistance is at 0.8279.

EURJPY BEARISH Key support is at 104.24, a break here would signal scope for extension of weakness. Resistance is at 107.47.


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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