Daily review for 12.03, 2012 The China's trade deficit reached 31.48 billion dollars in February, much more than expected. Asian and European trading sessions: Euro: The EUR/USD couple fell during the Asian session, reaching the level of $1.3075. The positive expectations of meeting of European countries finance ministers', which is scheduled for tomorrow in Brussels, supported the trading dynamics of the Euro currency and the EUR/USD pair after consolidation at the $1.3120 area grew up recording the European trading session high at the $1.3135 area. The European countries finance ministers at this meeting are going to consider the second package of financial aid to Greece. British Pound: The British Pound traded today mostly sideways during the Asian session. There was an insignificant intraday sell-off during the European session where the GBP/USD pair dropped to the level of $1.5602. US Dollar: Supported the U.S dollar today the speculations of reducing the likelihood of a new round of Fed's quantitative easing program, on the background of U.S. economy's positive macroeconomic data. During the European session, the dollar grew up against its major competitors. Japanese Yen: The USD / JPY traded near the Y82.20 level during both sessions. Australian New Zealand Dollar: Australian and New Zealand dollar both got hammered today and fell against the U.S. dollar in anticipation of the publication of data on retail sales in the U.S., tomorrow. The forecasts of analytics are predicting an increase in growth rate, which reduces the possibility of Q3 program, Fed's additional stimulation of the American economy. American trading session: Oil: April WTI futures price fell to 105.35 dollars per barrel on the New York Mercantile Exchange. The main reason for that drop was the report of the China's trade deficit, which in February reached 31.48 billion dollars, the significantly higher value than analysts' forecasts. The report confirmed a slowdown in the second -largest oil-consuming country in the world. Gold: The futures of gold traded today in a downtrend on the background of strengthening of the dollar against most world currencies. April futures price of gold on COMEX dropped to $ 1691.91 per troy ounce. ___________________________________________________________________ TECHNICAL ANALYSIS for 13.03, 2012 EURUSD
The pair didn't take a chance to break 1.31674 and may return to 1.32535.
Resistance: 1.31674, 1.33143, 1.34882
Support: 1.30277, 1.28630, 1.26897
GBPUSD
The pair has drawn Head and Shoulders. MACD also has formed divergence that supports pair to start workout of the figure. The end of the figure is at 1.54842.
Resistance: 1.58543, 1.60322, 1.62050
Support: 1.56722, 1.54842, 1.53482
USDCHF
The pair has reached 0.92026 and aiming to 0.91079.
Resistance: 0.92026, 0.93069, 0.93949
Support: 0.91079, 0.89635, 0.88418
USDJPY
The pair has broken Moving Average (500) at 81.399 and reached 82.219. The pair may roll back to 81.399.
Resistance: 82.219, 83.065, 83.933
Support: 81.399, 80.438, 79.707
AUDUSD
The pair has drawn Triple Top and return to Neckline support 1.06164. MACD divergence supports pair to start workout the figure. The end of the figure is at 1.04407.
Resistance: 1.06164, 1.07005, 1.07739
Support: 1.05332, 1.04407, 1.03535 | 
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