FxWirePro: USD/CAD neutral in the near-term, scope for downward resumption
Aug 28, 2017 14:41 pm UTC| Technicals
The USD/CAD pair declined on Monday as greenback extending losses after a central bank meeting in Jackson Hole, Wyoming as markets worried about the impact of Tropical Storm Harvey on the U.S. economy. The U.S....
Aug 28, 2017 10:51 am UTC| Technicals
USDCHF rejects at major resistances of 0.9770 and 0.97 levels. Ever since it has dropped at this resistance level you see consistent price drops. Last Friday, you could figure out a bearish candle with big real body...
FxWirePro: GBP/AUD bounces off 5-DMA support, 20-DMA at 1.6373 in sight
Aug 28, 2017 10:50 am UTC| Technicals
GBP/AUD extends upside after gap-up open, eyes 20-DMA at 1.6373. Overall bias is lower. The pair is trading in a slopping channel. Finds stiff resistance at 4H cloud. Break above 4H cloud targets 20-DMA at...
FxWirePro: Weekly 200-SMA caps upside in AUD/USD, good to go long on break above
Aug 28, 2017 10:11 am UTC| Technicals
AUD/USD spikes higher on a broadly weaker US dollar, breaks major resistance at 0.7925. The greenback weakened after Feds Chair didnt mention the economy, neither signals about the path of monetary policy. The...
FxWirePro: NZD/USD rejected at highs, slips below 5-DMA, intraday bias bearish.
Aug 28, 2017 08:28 am UTC| Technicals
NZD/USD fails to hold break above 5-DMA, slips lower from session highs at 0.7255 to currently trade at 0.7231. Technical studies are heavily bearish. We see scope for test of 100-DMA at 0.7174 on break below 0.72...
Aug 28, 2017 07:48 am UTC| Technicals
On daily terms, NZDUSD rallies are restrained below 7DMAs. The prices attempt to breach below strong support at 0.72 levels. During August month, the price behaviour tumbles after the failure swings at 50% Fibonacci...
FxWirePro: USD/ZAR hovers around 13.00 mark, upside limited
Aug 28, 2017 07:30 am UTC| Technicals
USD/ZAR is currently trading around 13.04 levels. It made intraday high at 13.05 and low at 12.98 levels. Intraday bias remains neutral for the moment. A daily close above 13.01 will take the parity...
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