FxWirePro: AUD/USD slightly weaker on RBA's status-quo, finds strong support at 0.7615 (20-DMA)
Sep 06, 2016 05:23 am UTC| Technicals
RBAs rate decision was largely a non-event, AUD/USD failed at weekly highs, slips lower to hover around 20-DMA support at 0.7615. RBA left the cash rate unchanged at a record low of 1.5% earlier today. Downside...
FxWirePro: USD/INR hits fresh 4-month low at 66.40; stay bearish
Sep 06, 2016 05:05 am UTC| Technicals
USD/INR is currently trading around 66.50 marks. It made intraday high at 66.59 and low at 66.42 marks. Intraday bias remains bearish till the time pair holds immediate resistance at 66.82 marks. Key...
Sep 06, 2016 04:28 am UTC| Technicals
AUD/USD rally in response to upbeat Australian economic releases halts at stiff trendline resistance at 0.7636. The immediate focus now remains on the RBA cash rate announcement due out shortly. The pair has...
FxWirePro: Yen strengthens on reduced prospects of BOJ stimulus, USD/JPY hovers around 103.50
Sep 06, 2016 04:14 am UTC| Technicals
Yen strengthens following Abe advisor Hamadas comments which suggested Japanese officials will likely wait and watch what the Fed does. Reduced prospects of BOJ stimulus lift the Yen, USD/JPY reversed gains from...
FxWirePro:ASX200 faces strong resistance at 55-day EMA,good to sell on rallies
Sep 06, 2016 03:04 am UTC| Technicals
Major resistance -5445 (55-day EMA). Major support - 5350. The index has slightly retreated after making a high of 5434 yesterday. It is currently trading around 5409. On the higher side,minor resistance is...
FxWirePro: Prefer to go long on USD/SGD around 1.3568 with stop loss at 1.3513 and target of 1.3799
Sep 06, 2016 02:48 am UTC| Technicals
USD/SGD is currently trading around 1.3575 marks. It made intraday high at 1.3585 and low at 1.3557 levels. Intraday bias remains bullish till the time pair holds initial support at 1.3513 marks. A sustained...
Nikkei225 holds above 17000, jump till 17330 likely
Sep 06, 2016 02:47 am UTC| Technicals
Major support -16850 (200- day MA). Nikkei225 has formed a temporary top around 17159 and declined till 16999 yesterday.It is currently trading around 17059. The index is facing strong resistance at 17200 and any...
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