Daily review for 13.03, 2012 The Federal Open Market Committee kept the interest rate unchanged, in the range of 0 % -0.25 %. Asian and European trading sessions: Euro: The EUR / USD pair rose during the Asian session and recorded its daily high at $1.3188 level. After the big intraday sell-off the Euro currency was able to recover against the U.S. dollar, supported by the positive news from the German ZEW institute, which published report on the index of business environment, Economic Sentiment of the euro zone that unexpectedly grew in March to 11 points against the forecasted 3.8. The German's Economic Sentiment index also surprisingly jumped in March to 22.3 points against the forecasted 10. The information that Euro group agreed to allocate a new tranche of Greece financial aid helped the EUR / USD couple to strengthen to the region of $ 1.3110. U.S. Dollar: Supported the U.S dollar positive trading dynamics today the speculations on leaving the interest rate unchanged and, therefore, 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 both sessions, the dollar grew up against its major competitors. Japanese Yen: The yen regained some loses which it got during the beginning of the Asian trading session. The USD / JPY pair fell to the lows of Y80.97 after the Bank of Japan decided to leave interest rate and a program of asset purchases unchanged. However, during the European session on the background of strengthening of the U.S. dollar the USD / JPY pair grew up to the area of ??Y82. 84. New Zealand dollar: After the statistical agency of New Zealand published the report on food prices, which increased in February by 0.6 %, the New Zealand dollar strengthened against all major currencies. Australian dollar: The Australian dollar showed a positive trading dynamics for the first time in three days along with growing Asian stock markets and increasing demand for risky assets. American trading session: U.S. Dollar: The dollar grew against almost all its competitors after the Federal Open Market Committee kept its interest rate in the target range of 0 % -0.25 %. As was mentioned before, the support for the U.S. dollar today was provided by the recognition of the United States economic situation improvement therefore an absence of mentioning of the start of QE3 program by Fed. Gold: The Gold futures had volatile trading sessions today, reaching the highs of $1705 than falling to the lows of $ 1675 per troy ounce on the eve of the U.S. central bank decision on interest rates. Oil: The Oil rose after the publication the report on February's Retail Sales in U.S. April futures price of the Light Sweet Crude Oil crude, WTI rose to 107.30 dollars per barrel on the New York Mercantile Exchange. ___________________________________________________________________ TECHNICAL ANALYSIS for 14.03, 2012 EURUSD
The pair has declined to neckline at 1.30277. This is the support for the pair, but if this level is broken the pair will work out Head and Shoulders and decline to 1.28630 and maybe lower.
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 is aiming to test Moving Average (500) at 0.93949.
Resistance: 0.93069, 0.93949, 0.95074
Support: 0.92026, 0.91079, 0.89635
USDJPY
The pair is aiming to the channel line at 83.933.
Resistance: 83.065, 83.933, 84.866
Support: 82.219, 81.399, 80.438
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 1.03535.
Resistance: 1.06164, 1.07005, 1.07739
Support: 1.05332, 1.04407, 1.03535 | 
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