Weekly Forex Market Forecast (March 26th - 31th March 2012)

Key events

Forex fundamental and forecasts for the coming week

The following table lists key economic and other events that are due during the week of March 26 to March 31, with release times posted for time zone GMT

The list also includes the current consensus market forecasts for each event and which kind of deviation could affect the value of foreign exchange market of the currency specified in positively.

Sunday, March 25 ^th

1:00 CHF Daylight Saving Time Shift

1:00 am, Daylight Saving Time Shift EUR

1:00 am Daylight Saving Time Shift GBP

Monday, March 26 ^th

8:00 am EUR German Ifo Business Climate (109.7,> good for the money)

24:00 USD Fed Chairman Ben Bernanke speaks (hawk = Good for currency)

2:00 am USD Pending Home Sales (1.0%,> good for the money)

Tuesday, March 27 ^th

14:00 USD Consumer Confidence CB (70.5,> good for the money)

Wednesday, March 28 ^th

8 : 30 am GBP Current Account (-8.5B,> good for the money)

12:30 pm USD base Durable Goods Orders (1.5%,> good for the money)

Thursday, March 29 ^th

12:00 am confident NZD NBNZ cases (28.0 last> good for the money)

24:30 pm U.S. Weekly Initial Jobless Claims (351K,

Friday, March 30th

24:30 CAD GDP (0.1%,> good for the money)

Saturday, March 31 ^st

2:00 p.m. NZ Daylight Saving Time Shift

4:00 p.m. Daylight Saving Time Shift AUD

Forecast

and technical levels to watch in the Majors this week

EURUSD : Low

Resistance:
initial:. 1.3291/92, 1.3321/62, 1.3433, 1.3485/95, 1.3546/68, 1.3795/98 and 1.3614
Above:. 1.3836, 1.3969, 1.4000, 1.4246, 1.4500/17, 1.4695 and 1.4939

Support

:
initial:. 1.3211, 1.3186/97, 1.3133/59, 1.3055/96, 1.3000/25, 1.2946/83 and 1.2917
below. 1.2886, 1.2857/77 1.2623/65 and

href=”http://www.forextraders.com/usdjpy-chart.html”> USDJPY : Slightly less

Resistance:
original: 82.64, 82.77, 83.01/09, 83.17, 83.77, 83.96, 84.09/17, 84.51, 84.80, 85.51 and 85.92.
Above: 87.11/13, 87.95, 93.77 and 94.97

Support:
original: 82.01/22, 81.76/96, 81.46, 81.14, 80.82, 80.58, 80.22, 80.00, 79.96, 79.83, 79.52, 79.40, 79.05, 78.66, 78.06/28
it below: .. 77.00/89, 76.73/83, 76.41, 76.10, 76.02, 75.94 and 75.56/70

GBPUSD : Slightly less

Resistance:
initial:. 1.5890, 1.5907, 1.5921/27, 1.5990, 1.6092, 1.6109, 1.6128, 1.6164 and 1.6192
Above:. 1.6452/74, 1.6546, 1.6570, 1.6589/98, 1.6616 and 1.6745

Support

:
original: 1.5717/81, 1.5685/91, 1.5668, 1.5643/47, 1.5624/29, 1.5516/85 , 1.5465/99, 1.5422, 1.5410 and 1.5375
below: a , 5293, 1.5270/77, 1.5232, 1.5123 and 1.5000

AUDUSD : greater than

Resistance:
original: 1.0498, 1.0508, 1.0596, 1.0608, 1.0627/38, 1.0654, 1.0668/70 , 1.0686, 1.0751/53, 1.0718., 1.0792, 1.0798, 1.0842 and 1.0854
Above: 1.1010, 1.1064 and 1.1079

support:
original: 1.0444, 1.0422, 1.0384, 1.0334, 1.0303, 1.0266, 1.0224/29, 1.0216 and. 1.0100/16
below: 1.0000/52, 0.9925/83, 0.9900, 0.9732 and 0.9861/63

USDCAD : Slightly less

Resistance:
original: 1.0018/78, 1.0105/42, 1.0160/99, 1.0207/32, 1.0262 / 87., 1.0297, 1.0302 and 1.0334/37
Above: 1.0415 / 23, 1.0438, 1.0481, 1.0500, 1.0506, 1.0522, 1.0646/56, 1.0742/85 and 1.0669 Support

:
original: 0.9980, 0.9958/69, 0.9947, 0.9924/27, 0.9906, 0.9891/99,.
0.9828/79 0.9724/96 and below: 0.9686, 0.9645, 0.9525, 0.9445 and 0.9405

NZDUSD : greater

Resistance:
initial: 0.8190, 0.8204, 0.8240/48, 0.8256, 0.8262, 0.8279, 0.8294, 0.8339, 0.8378, 0.8395, 0.8405, 0.8420. / 27 and 0.8504
Above: 0.8571, 0.8764 and 0.8841

Support:
initial:. 0.8109, 0.8135, 0.8057/99, 0.7993/96, 0.7979, 0.7955 and 0.7906
Below:. 0.7804/88, 0.7723/95, 0.7605/72, 0.7500/52 and 0.7568

Forex Tipo De Cambio

Thursday, March 29, 2012