
Dec 12, 2016 06:55 am UTC| Technicals
The pair with bullish sentiments heading towards a stiff resistance at 82.786 levels, any breach above 82.786 would take the bull trend to hit 83.780 (refer both daily and weekly plotting), upswings have gone consistently...

FxWirePro: USD/INR stabilizes above 67.50 mark, stay bullish
Dec 12, 2016 06:48 am UTC| Technicals
USD/INR is currently trading around 67.53 marks. It made intraday high at 67.55 and low at 67.39 marks. Intraday bias remains bullish till the time pair holds key support at 67.19 mark. Key resistances are...

FxWirePro: Gold faces strong support at $1150, good to sell on rallies
Dec 12, 2016 06:08 am UTC| Technicals
Gold dropped almost $16 from the yesterday high of $1172 on account of higher dollar and Fed rate hike fears. It is currently trading around $1158. Markets awaits Fed monetary policy meeting which is to held on Wed...

FxWirePro: AUD/JPY breaks major channel top resistance, bias higher, stay long
Dec 12, 2016 06:05 am UTC| Technicals
AUD/JPY extends upside, breaks major channel top resistance at 85.65, bias higher. Saudis readiness to do whatever it takes to rebalance the oil markets buoys oil markets and in turn commodity currencies. Focus...

FxWirePro: USD/CNY hits fresh 2-week high at 6.9151, PBOC sets yuan mid-point at 6.9086
Dec 12, 2016 05:39 am UTC| Technicals
USD/CNY is currently trading around 6.9145 marks. It made intraday high at 6.9151 and low at 6.9036 levels. Intraday bias remains bullish for the moment. A sustained close above 6.9052 marks will test key...

FxWirePro: NZD/USD capped below 50-DMA, good to short rallies
Dec 12, 2016 05:10 am UTC| Technicals
NZD/USD trades a narrow range in the Asian session. Scope for test of 20-DMA at 0.7087 The pair remains capped below 50-DMA resistance at 0.7145. Technical studies paint a bearish picture. MACD remains below...

FxWirePro:ASX trades well above 5500, good to buy on dips
Dec 12, 2016 03:42 am UTC| Technicals
Major intraday support - 5510 (7- day EMA) Major resistance - 5625 (Oct 11th 100- day MA). The index has jumped till 5585 at the time of writing and slightly declined from that level. It is currently trading around...