
Jun 08, 2017 11:30 am UTC| Technicals
Canadian dollar is trading lower against all major pair yesterday on account of weak oil prices. Loonie jumped sharply till 1.35237 after forming minor bottom around 1.34263 yesterday. It is currently trading around...

FxWirePro: USD/CAD breaks minor trend line resistance, jump till 1.3635 likely
Jun 08, 2017 10:43 am UTC| Technicals
Canadian dollar is trading lower against all major pair yesterday on account of weak oil prices. Loonie jumped sharply till 1.35237 after forming minor bottom around 1.34263 yesterday. It is currently trading around...

FxWirePro: GBP/AUD rejected at highs, 5-DMA at 1.7212 caps upside
Jun 08, 2017 09:34 am UTC| Technicals
GBP/AUD failed to break below minor support at 1.7066 on Wednesdays trade. Caution prevails ahead of UK elections. UK election will shape up next direction for the pound in the coming months. Should the UK...

FxWirePro: NZD/USD extend grind above 200-DMA, eyes channel top at 0.7275, stay long
Jun 08, 2017 08:56 am UTC| Technicals
NZD/USD is extending grind above 200-DMA and we see scope for test channel top at 0.7275. Upbeat China trade data keeps the antipodeans buoyed. Data released earlier today showed Chinas exports spiked 15.5% y/y,...

FxWirePro: GBP/USD trades flat, markets await UK General Election
Jun 08, 2017 07:39 am UTC| Technicals
Cable broken the high of 1.2950 high made on Jun 6th 2017 and jumped till 1.29762 at the time of writing. It is currently trading around 1.29720. Polls have opened in the UK, 52 days after PM Theresa Mays surprise...

FxWirePro: EUR/AUD breaks below 20-DMA, good to go short on rallies
Jun 08, 2017 07:06 am UTC| Technicals
EUR/AUD is extending downside after being rejected at major trendline resistance at 1.5225. The pair has broken below 20-DMA and we see scope for further downside. ECB policy decision will remain the main market...

FxWirePro: EUR/JPY capped below 5-DMA, more slumps likely in 'Anti Gartley' pattern
Jun 08, 2017 06:23 am UTC| Technicals
ECB policy decision will remain the main market driver for the Euro today, dovish tilt expected in Draghis presser. Euro took a beating yesterday after Bloomberg headlines cited that the ECB is said to cut inflation...