Korean Won depreciates against major peers as BoK stands pat
Feb 16, 2016 05:30 am UTC| Technicals
Pair is currently supported above 1218 levels. It made intraday high at 1219.10 and low at 1210.10 levels. Today BoK kept the interest rate unchanged at 1.5% as expected by the market. Korean won slipped...
FxWirePro: AUD/USD edges lower from sesison highs at 0.7177, good to buy dips
Feb 16, 2016 05:29 am UTC| Technicals
AUD/USD continues to tread on firmer ground, despite cautionary rhetoric by the RBA. The pair is extending recovery from below 0.6990 and lows of 0.6983 (Feb 11th) in the recent sell-off. AUD/USD has strong...
Kiwi falls despite positive retail sales data, likely to fall further
Feb 16, 2016 04:12 am UTC| Technicals
Pair is currently trading at $0.6610 levels. It made intraday high at $0.6675 and low at $0.6604 levels. Sales volumes rose 1.2% quarter-on-quarter in the October-December period, according to Statistics New...
FxWirePro: EUR/JPY extends upside, breaks above 5-DMA resistance, good to go long on dips
Feb 16, 2016 04:02 am UTC| Technicals
EUR/JPY extends retrace from near channel base, breaks above 5-DMA resistance at 127.68, currently at 128.07. Technical indicators have already corrected extreme oversold reading, RSI and Stochs point...
FxWirePro: AUD/NZD edges above daily cloud, break of 1.0840 could see test of 1.09 levels
Feb 16, 2016 03:44 am UTC| Technicals
Our previous call on AUD/NZDhas hit all targets. We advise booking partial profits as there is scope for further gains. RSI is at 57 and has further room to run, while daily Stochs point higher. The pair...
FxWirePro: Sell USD/CAD around 1.3780 with SL around 1.3855 for the TP of 1.3705/1.3635
Feb 16, 2016 03:09 am UTC| Technicals
Major Support - 1.3780 (Sep 9th 2015) Loonie has broken major support 1.3780 and declined till 1.37621 at the time of writing. It is currently trading around 1.3765. Any break below major support 1.3780 will drag...
Major Asian Indices Technicals
Feb 16, 2016 03:00 am UTC| Technicals
Nikkei: Nikkei breaks minor resistance around 16000 and jumped till 16180 at the time of writing. It is currently trading around 16155. Short term trend is bullish as long as support 15600(55 day 4H EMA) holds. Any...
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