
FxWirePro: AUD/CAD holds cloud support, good to go long break above 20-DMA at 1.0099
Jun 05, 2017 12:16 pm UTC| Technicals
AUD/CAD fails to close below 50-DMA, bias turns neutral. The pair is holding cloud support at 0.9999, we see weakness only on break below. The pair has now broken above 5-DMA at 1.0066, close above will reinforce...

FxWirePro: EUR/CAD holds 5-DMA support at 1.5152, bearish RSI divergence raises scope for downside
Jun 05, 2017 10:29 am UTC| Technicals
Euro dented on renewed cross-driven weakness, markets shrug-off upbeat Eurozone and German final services PMI. Data released today showed European Monetary Union Markit Services PMI a6 56.3, above forecasts (56.2) in...

Jun 05, 2017 09:57 am UTC| Technicals
Fresh bid-tone seen around GBP, following the release of the latest ICM UK election poll. ICM poll puts UK conservatives on 45 pct, labour on 34 pct (11 percentage point lead) ahead of June 8 election. Markets...

FxWirePro: GBP/USD trades calm ahead of UK elections, good to sell on rallies
Jun 05, 2017 09:44 am UTC| Technicals
Cable is consolidating in narrow range between 1.27685 and 1.29211 for the past five trading session . The pair movement is driven by political uncertainty in U.K. Market eyes UK election on Thursday for further direction...

FxWirePro: EUR/USD hits 6- month high, good to buy on dips
Jun 05, 2017 08:26 am UTC| Technicals
EURUSD hits fresh six month high of 1.1284 on Friday on account of weaker than expected U.S Nonfarm payroll. U.S economy has added 138K in May compared to forecast of 174K and unemployment rate at 16- year low at...

FxWirePro: AUD/USD breaks above 20-DMA, eyes 200-DMA at 0.7531
Jun 05, 2017 08:23 am UTC| Technicals
AUD/USD has bounced of major trendline support at 0.7370 levels. The pair has broken above 20-DMA and bulls now target 200-DMA at 0.7531. Aussie buoyed following news of higher-than-expected corporate profits for...

FxWirePro: NZD/USD rejected at highs, break below 200-DMA at 0.7104 could see weakness
Jun 05, 2017 07:11 am UTC| Technicals
NZD/USD pares Fridays gains post downbeat NFP report, edges closer to 0.71 handle. The pair was rejected at highs, trades with a mild bearish bias. Technically, the pair has broken above 200-DMA and upside...