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FxWirePro: AUD/NZD breaks major resistance at 1.066 levels, good to go long on dips

Oct 12, 2016 07:08 am UTC| Technicals

AUD/NZD has broken major resistance at 1.066 levels (38.2% Fib, major trendline). Technical studies are bullish, MACD and Stochs are biased higher. Some caution advised as Stochs are in extreme overbought...

FxWirePro: USD/TRY hovers around 3.08 mark, Turkey’s current account balance in focus

Oct 12, 2016 06:45 am UTC| Technicals

USD/TRY is currently trading at 3.0785 levels. It made intraday high at 3.0847 and low at 3.0767 levels. Intraday bias remains bullish for the moment till the time pair holds key support at 3.0678...

FxWirePro: AUD/USD forms back to back long legged doji, 21-DMA crossover substantiates – Border binaries best choice for trading

Oct 12, 2016 06:33 am UTC| Technicals

After the rejection in the rallies of this pair again at theresistance of 0.7698 levels, we could spot out back to back long legged doji patterns at 0.7584 and 0.7606 levels. This bearish formation pushes the current...

FxWirePro: Buy GBP/JPY above 127.55

Oct 12, 2016 06:32 am UTC| Technicals

Major resistance- 127.55 (trend line joining 129.61 and 128.61). Major support- 124.80. The pair has formed a double bottom around 124.80 and started to recover from that level .it is currently trading around...

FxWirePro: EUR/JPY momentum turns bearish after rejection at 100-DMA, bias lower, stay short

Oct 12, 2016 06:28 am UTC| Technicals

EUR/JPY is extending downside after rejection at 100-DMA resistance. Momentum has turned bearish, we see scope for further downside. The pair is currently holding 20-DMA support at 114 levels, break below could...

FxWirePro: USD/JPY hovers around 100-DMA at 103.42 ahead of FOMC minutes, momentum studies bullish

Oct 12, 2016 06:00 am UTC| Technicals

USD/JPY is holding above 100-DMA at 103.42 as markets await FOMC meeting minutes. Major trendline resistance at 104 levels, spinning top formation seen on Tuesdays trade. Momentum studies remain bullish, RSI...

FxWirePro: USD/ZAR hits fresh 4-week high on news that S.Africa’s finance minister Gordhan summoned

Oct 12, 2016 05:50 am UTC| Technicals

USD/ZAR is currently trading around 14.32 levels. It made intraday high at 14.37 and low at 14.28 levels. Intraday bias remains bullish till the time pair holds key support at 14.00 marks. A daily close...

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