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AUD/JPY breaks major trend line resistance, jump till 87.20 is possible

Oct 06, 2015 05:52 am UTC| Technicals

AUD/JPY has broken major trend line resistance around 85.10 (trend line joining 84.99 and 85.05) and jumped till 85.94 from that level. Intraday weakness can be seen only below 85.25. Any break below 85.25 will drag the...

FxWirePro: USD/KRW finds strong support at 1162.00, good to buy dips

Oct 06, 2015 04:59 am UTC| Technicals

USD/KRW tested bottom of recent rally before consolidation set in and found strong support at 1162.00 The pair has strongly rebounded from lows at 1159 and is currently trading at 1163.40 after hitting fresh intraday high...

FxWirePro: AUD/USD rallies to fresh two-week highs post RBA, ignores poor trade deficit data

Oct 06, 2015 04:34 am UTC| Technicals

AUD/USD opened Tuesday 0.7081, dipped to 0.7078 in early trade after local data showed a deterioration in the trade deficit Australian economy posted a trade deficit of AUD 3.095 bln in Aug, sliding 11% from Julys...

AUD/USD climb s above $0.7100 level after RBA hold the interest rate

Oct 06, 2015 04:01 am UTC| Technicals

RBA: $AUD adjusting to significant declines in commodity prices. Economic, financial conditions to inform policy stance. RBA: Monetary policy needs to be accommodative; board judged leaving cash rate unchanged was...

FxWirePro: Buy USD/JPY at dips around 120-120.10 with SL around 119.60 for the TP of 120.74/121.25

Oct 06, 2015 03:50 am UTC| Technicals

USD/JPY has broken minor resistance 120 and made a high of 120.55. It is currently trading at 120.45 trend is till bullish as long as support 119.60 holds. Overall bullish invalidation only below 118.60 Any break below...

FxWirePro: Buy GBP/JPY only above 183.20 with SL around 182.50 for the TP of 184.40/185

Oct 06, 2015 02:48 am UTC| Technicals

GBP/JPY has made a high of 183.20 and slightly declined from that level. It is currently trading at 182.68. The pair is facing strong resistance around 183.20 and any further bullishness can be seen only above that level....

FxWirePro: USD/CAD key resistance at 1.3134, bearish in the short term

Oct 05, 2015 14:48 pm UTC| Technicals

USD/CAD opened around 1.3175 in todays Asian session and has continued to decline from Fridays low, as the commodities co-related Canadian dollar has steadily gained against US dollar. The pair failed to break support...

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