9th of April 2012 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
9 April 2012 – 8:00 GMT
Monday

_____________________________________________________________________
Market Analysis Desk
Foreign Exchange Research: www.fibosignals.com/5585/resources.html
_____________________________________________________________________


TECHNICAL DATA

EURUSD BEARISH Our support focus is on 1.3004, the March 15 low and then 1.2954. Resistance is at 1.3164 ahead of 1.3239.

USDJPY BEARISH The break of 81.47 has exposed support at 81.07 ahead of 80.59. Resistance is at 82.56.

GBPUSD NEUTRAL Key support lies at 1.5801; a break here would expose 1.5779, the 62% retracement of the March rally. Resistance is at 1.5918 ahead of 1.6063.

USDCHF NEUTRAL Resistance is at 0.9254 ahead of 0.9335, the March high. Support lies at 0.9094 ahead of 0.9002.

AUDUSD BEARISH Focus on 1.0229, a break here would open the way to 1.0119. Resistance is at 1.0355.

USDCAD NEUTRAL Key resistance area is marked by 1.0034/50, while support lies at 0.9888.

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

EURGBP BEARISH The cross is under pressure, targeting 0.8222, the Jan low; a break here would open 0.8201. Resistance is at 0.8279.

EURJPY BEARISH Trend conditions are bearish; a break below 105.95 would trigger deeper sell-off towards 105.05. Resistance is at 107.84.



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.