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Aussie breaks short term trend line resistance around 0.7380, targets 0.7490

Aug 07, 2015 11:44 am UTC| Technicals

RES 4 : 0.7495 ( Jul 10th high) RES 3: 0.7450 (Jul 21st high) RES 2: 0.74275 (Aug 4th high) RES 1: 0.7380 (trend line joining 0.8163 and 0.7848)) PRICE: 0.73841 11:43 GMT SUP 1: 0.7250 (161.8%...

FxWirePro: USD/JPY faces strong resistance around 125, good to buy at dips

Aug 07, 2015 10:30 am UTC| Technicals

RES 4: 127.93 (161.8% retracement of 125.85 and 120.40) RES 3: 126.88 (161.8% retracement of 124.43 and 120.45) RES 2 : 125.85 (jun 5th high) RES 1:125 PRICE: 124.70 @10:26 GMT SUP1 : 124.75 (7 day 4...

FxWirePro: GBP/USD holds above 1.55 handle after UK trade deficit data

Aug 07, 2015 09:45 am UTC| Technicals

UK June goods trade deficit came in at GBP 9.184 billion, beat forecasts at GBP 9.30 billion, but widened from GBP 8.00 billion in May Sterling indifferent on UK releases, GBP/USD trades above the 1.5500 handle, stuck in...

FxWirePro: CHF under pressure, risk of adjustment high on US payroll data

Aug 07, 2015 09:23 am UTC| Technicals

USD/CHF continues to probe rising channel top, lack of daily close above could see some pressure on downside Risk of adjustment on NFPs is high, should data boost CHF may weaken across crosses Pressure rising on SNB to...

FxWirePro: AUD/USD rally on positive RBA statement stalls just ahead of 0.7380

Aug 07, 2015 05:50 am UTC| Technicals

Aussie bears look unlikely to give up anytime soon, AUD/USD pares some of the RBA induced gains AUD/USD had earlier in the Asian session spiked to days high by 0.7378 on a broadly positive RBA statement At the time of...

FxWirePro: BoJ a non-event, USD/JPY muted around 124.80

Aug 07, 2015 05:20 am UTC| Technicals

USD/JPY trades range-bound on the day 124.67-84, showed little reaction to BoJs decision to stay pat Markets focus now on BOJ Governor Kurodas press conference ahead of Europe open and US payrolls due later in the New...

FxWirePro: NZD/USD recovers from session lows on Fonterra's new measures to support NZ dairy industry

Aug 07, 2015 04:32 am UTC| Technicals

New Zealands dairy giant Fonterra announced a payout forecast cut and also new measures to support NZ dairy industry Kiwi swiftly recovered from a dip to session lows following the news, trades modestly flat at 0.6554...

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