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GBP/CAD breaks short term support, targets 2.0670

Aug 26, 2015 06:12 am UTC| Technicals

GBP/CAD has formed temporary top around 2.0970 and declined till 0. it has recovered till 2.0958 and started to decline from that level. In Asian session the pair has broken short term trend line support 2.088 (trend line...

FxWirePro: Sell GBP/JPY on rallies 188.80-90 with SL around 190 for the TP of 186.60/185.90

Aug 26, 2015 05:48 am UTC| Technicals

GBP/JPY has recovered till 189.90 yesterday after making a low of 183.20. Overall trend is weak as long as resistance 190 holds. On the downside minor support is around 187.60 and any break below will drag the pair...

FxWirePro: AUD/NZD edges lower, upbeat NZ trade data boosts kiwi

Aug 26, 2015 05:36 am UTC| Technicals

Another choppy trading session for the antipodeans, with sentiment remaining brittle amid concerns over Chinas economy NZ trade data beat forecasts (Tuesday), posted a smaller-than-expected monthly trade deficit in July,...

FxWirePro: EUR/USD recovers after making a low of 1.1395, good to sell on rallies

Aug 26, 2015 03:35 am UTC| Technicals

EURUSD has made a low of 1.1395 and recovered till 1.15598 level. Overall trend is till weak as long as resistance 1.1580 holds. It has formed a temporary top around 1.1712 and any further bullishness only above that...

USD/JPY struggles to hold above 120 level, good to buy at dips

Aug 26, 2015 02:14 am UTC| Technicals

USD/JPY has made a high of 120.38 yesterday and retreated till 118.43 today in Asian session.It is currently trading at 119.14. Overall trend is bullish as long as support 118 holds. The pair has made a dead cat bounce...

FxWirePro: AUD/USD key resistance at 0.7235, bearish in the near term

Aug 25, 2015 15:14 pm UTC| Technicals

AUD/USD slipped back below 0.7200 levels after hitting minor resistance at 0.7253, and is approaching to support level at 0.7159. The resistance level at 0.7273 is set to block bulls from advancing further, as this level...

FxWirePro: GBP/USD key support at 1.5695, bullish in the short term

Aug 25, 2015 14:08 pm UTC| Technicals

The cable is has retreated after hitting resistance 1.5816 and has slipped sharply towards 1.5760 levels, currently the cable is trading round 1.5740 levels , strong support level lies at 1.5695, a bullish rebound is...

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