Dec 21, 2016 07:24 am UTC| Economy Technicals Insights & Views
The break of 200DMA opens room for more upside in USDTWD; consequently we uphold USDTWD long position via NDFs due to: EM currencies should come under further downward pressure through Q1. Negative forward points...
FxWirePro: USD/CNY consolidates around 6.95 mark, PBOC sets yuan mid-point at 6.9489
Dec 21, 2016 06:56 am UTC| Technicals
USD/CNY is currently trading around 6.9501 marks. It made intraday high at 6.9516 and low at 6.9255 levels. Intraday bias remains neutral till the time pair holds key resistance at 6.9633 mark. A sustained...
FxWirePro: USD/INR rejects key resistance at 68.11 mark, intraday bias remains neutral
Dec 21, 2016 06:15 am UTC| Technicals
USD/INR is currently trading around 67.89 marks. It made intraday high at 68.01 and low at 67.88 marks. Intraday bias remains neutral till the time pair holds key support at 67.81 mark. Key resistances are...
Dec 21, 2016 06:01 am UTC| Technicals
AUDNZD has been rejecting from the stiff resistance of 1.0493 and dropping DMAs, from last couple days the price behaviour has been oscillating in this range (see 4H chart) but the momentary bulls attempting for upside...
FxWirePro: Gold faces major support at $1116, good to sell on rallies
Dec 21, 2016 05:48 am UTC| Technicals
Gold declined around $14 yesterday as U.S dollar reached fresh 14 month high at 103.65. The yellow metal has slightly jumped in Asian session and is currently trading around $1135. Gold has shown a slight jump from...
FxWirePro: XAG/USD remains well supported above $16.00 mark, bias turns bullish again
Dec 21, 2016 05:19 am UTC| Technicals
XAG/USD is currently trading around $16.11 marks. It made intraday high at $16.15 and low at $15.92 levels. Intraday bias remains bullish till the time pair holds key support at $15.88 levels. A daily close...
FxWirePro: AUD/CAD on track to test 78.6% Fib at 0.9551, good to short rallies
Dec 21, 2016 04:58 am UTC| Technicals
AUD/CAD extends drag lower as CAD remains supported by rising oil prices. Oil futures on NYMEX extended its winning streak and built on previous gains after the bulls were bolstered by a surprising drawdown in the US...
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