FxWirePro: NZD/USD fails to hold break above 20-DMA, good to go short on rallies
Mar 24, 2017 09:10 am UTC| Technicals
Kiwi weighed by disappointing NZ trade data, NZD/USD drops to fresh weekly lows below 0.70 handle. NZ trade deficit narrowed to NZ$18 million for Feb, well below market expectations for a surplus of $160...
FxWirePro: Swedish krona falls gradually against euro, upside limited
Mar 24, 2017 08:34 am UTC| Technicals
EUR/SEK is currently trading around 9.5200 levels. It made intraday high at 9.5267 and low at 9.5123 levels. Intraday bias remains neutral for the moment. A sustained close above 9.5182 tests key resistances...
FxWirePro: USD/CNY back above 6.89 mark, PBOC sets yuan mid-point at 6.8845
Mar 24, 2017 08:11 am UTC| Technicals
USD/CNY is currently trading around 6.8931 marks. It made intraday high at 6.8963 and low at 6.8842 levels. Intraday bias remains bullish till the time pair holds key support at 6.8777 mark. A sustained...
FxWirePro: AUD/CAD recovery capped at 20-DMA, bias lower
Mar 24, 2017 07:39 am UTC| Technicals
Aussie under pressure, despite risk-on rally in the Asian equities, as the entire base metals complex remains subdued. AUD/CADs feeble recovery attempt capped around 20-DMA at 1.0194. The pair is trading largely...
FxWirePro: EUR/JPY holds major trendline support at 119.35, break below will see further downside
Mar 24, 2017 07:01 am UTC| Technicals
EUR/JPY finds strong support at major trendline support at 119.35. The pair has bounced back from session lows at 119.52, but upside fails 120 handle. Technical studies remain highly bearish, we see scope for...
FxWirePro: USD/ZAR breaks key support at 12.52 mark, stay bearish
Mar 24, 2017 07:00 am UTC| Technicals
USD/ZAR is currently trading around 12.47 levels. It made intraday high at 12.49 and low at 12.44 levels. Intraday bias remains bearish till the time pair holds key resistance at 12.75 marks. A daily...
FxWirePro:GBP/USD breaks major intraday trend line, dip till 1.2380 likely
Mar 24, 2017 06:50 am UTC| Technicals
Major resistance 1.25820 (Feb 9th 2017 high). Major support 1.2480 (trend line joining 1.2108 and 1.23584). Cable rallied till 1.25311 after better than expected U.K retail sales data. The quantity bought in...
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