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GBP/USD trades slightly above 1.2550, targets 1.26750

Feb 09, 2017 09:08 am UTC| Technicals

Major resistance 1.2550 Major intraday support -1.2475 (89- 4H EMA) Cable breaks major resistance of 1.2550 at the time of writing after declining till 1.23465 on Feb 7th 2017. The pair is currently trading...

FxWirePro: AUD/USD capped below 5-DMA, intraday bias lower

Feb 09, 2017 09:02 am UTC| Technicals

AUD/USD resumes downside after Wednesdays tepid bounce, intraday bias lower. The pair remains capped below 5-DMA, on track to test 20-DMA at 0.7579. Stochs and RSI have rolled over from overbought levels and MACD...

FxWirePro: Indian rupee hits strongest level against U.S. dollar since November 2016

Feb 09, 2017 08:37 am UTC| Technicals

USD/INR is currently trading around 66.99 marks. It made intraday high at 67.04 and low at 66.92 marks. Intraday bias remains bearish for the moment. Key resistances are seen at 67.31, 67.45, 67.66, 67.87,...

FxWirePro: AUD/NZD spikes above 200-DMA to hit multi-week highs at 1.0596, good to go long on dips

Feb 09, 2017 08:04 am UTC| Technicals

AUD/NZD spikes above 200-DMA at 1.0525, intraday bias higher. The pair remains capped at 61.8% Fib retrace of 1.07647 to 1.03260 fall. Break above will see test of 1.0670 (78.6% Fib) and then 1.0743 (Aug 9th...

FxWirePro: Norwegian krone falls against euro after mixed GDP data from Norway

Feb 09, 2017 07:23 am UTC| Technicals

EUR/NOK is currently trading at 8.8945 levels. It made intraday high at 8.8983 and low at 8.8875 levels. Intraday bias remains bullish till the time pair holds key support at 8.8733 marks. A sustained close...

FxWirePro: EUR/JPY struggles at major trendline support at 119.60, weakness only on break below

Feb 09, 2017 07:20 am UTC| Technicals

EUR/JPY is currently trading at 119.84, up 0.08 pct on the day. The pair is struggling to break below major trendline support at 119.60, we see weakness only on break below. Technical studies still support...

FxWirePro: USD/CNY rejects key resistance at 6.8916, PBOC sets yuan mid point at 6.8710

Feb 09, 2017 07:00 am UTC| Technicals

USD/CNY is currently trading around 6.8685 marks. It made intraday high at 6.8710 and low at 6.8613 levels. Intraday bias remains slightly bullish for the moment. A sustained close above 6.86 marks will test...

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