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FxWirePro: AUD/CAD edges lower from major resistance at 0.9463, upside only on break above

Jun 13, 2016 12:51 pm UTC| Technicals

AUD/CAD has edged lower from major trendline resistance at 0.9463, further upside only on break above. Buying interest emerged for the Canadian Dollar after oil managed to stage a recovery from two-week low, from the...

FxWirePro: AUD/USD struggles at 0.74 handle, bias lower

Jun 13, 2016 12:15 pm UTC| Technicals

AUD/USD has halted 2 consecutive sessions of losses and has edged higher on the day. But pair struggling at the 0.74 handle, pair remains capped below 38.2% Fib at 0.7408, intraday bias is lower. Strong support...

CAD/JPY Trade idea

Jun 13, 2016 12:03 pm UTC| Technicals

Major Support 82 CAD/JPY has recovered after making a low of 82.67.It is currently trading at 83.01. Short term trend is bullish as long as support 82 holds. On the downside any break below 82 will drag the pair...

USD/ZAR recovers from the low of $14.65 on strong dollar, market awaits FOMC meeting for further direction

Jun 13, 2016 11:34 am UTC| Technicals

The rand has surged strongly in previous week till $14.65 after Fitch affirms SAS investment grade credit rating. Fitch and SP has kept South Africa rating at BBB- with stable outlook. Fitch said in its statement that...

FxWirePro: XAG/USD turns table for bullish speculators, both trend and momentum indicators conducive for rallies

Jun 13, 2016 10:46 am UTC| Technicals

Technical Inference: Silver prices have tested the resistance at 17.334 levels but bulls are very much active ahead of Feds action on Wednesday, where the US central bank is most likely to maintain Status Quo in its...

FxWirePro: AUD/CHF recovers after making a low of 0.7103, good to sell on rallies

Jun 13, 2016 10:33 am UTC| Technicals

Major resistance- 0.7220 (90 day EMA) Major support - 0.710 (Jun 2nd high) The pair has once again taken support near 0.7100 and jumped from that level. It is currently trading around 0.71432. Short term...

US OIL breaks major trend line support at $48.60, targets $46.70

Jun 13, 2016 09:16 am UTC| Technicals

Major support - $48.56 (trend line joining $46.72 and $47.73). US Oil has broken 21 day MA at 48.99 and also major trend line support at the time of writing. The commodity has declined till $48.19 today morning and...

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