FxWirePro: NZD/USD edges higher, return of risk-sentiment weighs on USD
Aug 27, 2015 05:55 am UTC| Technicals
Antipodeans on a firmer footing on Thursday on return of risk-sentiment after China stocks rallied along with other Asian indices. The New Zealand dollar rose to $0.6471 levels, from $0.6430 early, recovering from a...
FxWirePro: Loonie faces strong resistance around 1.3350, good to sell on rallies
Aug 27, 2015 05:28 am UTC| Technicals
Harmonic pattern formed- Bullish BAT pattern Potential Reversal Zone( PRZ)- 1.3355 Loonie has made a high of 1.3352 on Tuesday and declined till 1.2850 from that level. It has almost formed a double top around 1.335...
USD/JPY faces strong resistance at 120.4,break above targets 121
Aug 27, 2015 02:19 am UTC| Technicals
USD/JPY has recovered after making a low of 118.78 yesterday. It is trading slightly above short term resistance further upmove can be seen only above 120.40 (25th Aug high). Any break above 120.40 would extend gains...
FxWirePro: USD/CAD key support at 1.3277, upside prevails in the short term
Aug 26, 2015 16:04 pm UTC| Technicals
USD/CAD has bounced after hitting support level at 1.3277 and is approaching to test resistance level at 1.3305. The support levels at 1.3277 is set to hold the bears and push the pair upwards, as the US dollar has...
FxWirePro: USD/CHF is key resistance 0.9507, bearish in the short term
Aug 26, 2015 14:41 pm UTC| Technicals
USD/CHF pair is approaching resistance level at 0.9507, the resistance level is set to act as strong barrier to the bulls, as long as this levels are not broken the trend of this pair remains bearish. A decline from 0.9480...
FxWirePro: USD/JPY approaching resistance at 119.89, bearish in the near term
Aug 26, 2015 13:06 pm UTC| Technicals
USD/JPY has bounced back from 118.14 levels after failing to break support level at 118.14, currently the pair is trading at 119.80. The pair is set to decline further towards 119.50 and later towards 119.00 levels,...
Pound drops out of favor as rate hike bets slashed – calls updated
Aug 26, 2015 12:22 pm UTC| Insights & Views Technicals
Pound is the worst performing major since yesterday after touching highest level since June. Pound traded as high as 1.581 against Dollar, before falling sharplyas SP 500 wiped out 3% initial gains to close red for the...