FxWirePro: Indian rupee strengthens against US dollar, downside limited
Jun 03, 2016 06:10 am UTC| Technicals
USD/INR is currently trading around 67.23. It made intraday high at 67.29 and low at 67.1575 marks.. Intraday bias remains neutral for the moment. A sustained close below 66.90 will tests key supports at...
FxWirePro: NZD/JPY sees bounce off channel base, targets hit, exit trade
Jun 03, 2016 05:37 am UTC| Technicals
NZD/JPY is showing a reversal from channel base. The pair has hit lows of 73.81 before edging higher to currently trade at 74.26 levels. Our previous call...
Gold trades in narrow range, market awaits US NFP for further direction
Jun 03, 2016 05:28 am UTC| Technicals
Major resistance- $1223 (10 day EMA) The yellow metal has slightly declined after making a high of $1217.86. It is currently trading at $1212. Market awaits US Non Farm Payroll for further direction .Non...
FxWirePro: 50-DMA caps upside in NZD/USD, good to go long on break above
Jun 03, 2016 05:07 am UTC| Technicals
NZD/USD extends upside after a pause on Thursday, but upside seen capped by 50-DMA at 0.6836. Momentum studies point north, price action has entered daily cloud and cloud base (0.6804) now offers strong...
Jun 03, 2016 04:41 am UTC| Technicals
Aussie moving in tandem with the minor rebound seen in commodity prices. Momentum studies are neutral, AUD/CAD trades a narrow range, holds above 21-DMA (currently at 0.9440). Pair finds stiff resistance in the...
Jun 03, 2016 04:01 am UTC| Technicals
Renewed bout of risk-aversion in the markets after the Chinese services PMI deteriorated in May, reinforced China slowdown fears and supported Yen buying. USD/JPY attempted recovery from fresh 3-week low of 108.52 hit...
FxWirePro: USD/SGD hovers around 1.3750 mark, good to buy on dips
Jun 03, 2016 03:48 am UTC| Technicals
USD/SGD is currently trading around 1.3755 marks. It made intraday high at 1.3763 and low at 1.3741 levels. Intraday bias remains bullish till the time pair holds key support at 1.3721 levels. A daily close...
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