
FxWirePro: Chinese yuan erases previous gain against USD; PBOC sets yuan mid-point at 6.6406
Aug 05, 2016 08:03 am UTC| Technicals
USD/CNY is currently trading around 6.6450 marks. It made intraday high at 6.6465 and low at 6.6378 levels. Intraday bias remains bullish till the time pair holds key support at 6.6205 mark. On the top side,...

Aug 05, 2016 07:28 am UTC| Technicals
Major resistance - 1.3203 (200 HMA). The pair has declined sharply till 1.31026 yesterday after BOE cuts interest rates by 25bpbs and adds its asset purchase facility by 60 billion to 435 billion from 375 billion. It...

FxWirePro: NZD/CAD edges above 1H 50 SMA, good to go long on dips
Aug 05, 2016 07:17 am UTC| Technicals
NZD/CAD has retraced most of Thursdays drop as Kiwi remains buoyed after dovish RBA SoMP. Price action on the hourly charts has broken above 50 SMA at 0.9370. The pair is trading around session high of 0.9383, we...

FxWirePro: USD/ZAR hits fresh 10-month low to 13.66, good to sell on rallies
Aug 05, 2016 06:34 am UTC| Technicals
USD/ZAR is currently trading around 13.70 levels. It made intraday high at 13.72 and low at 13.67 levels. Intraday bias remains bearish till the time pair holds key resistance at 13.96 levels. A daily close...

GBP/JPY trades below 133 , decline till 130 likely
Aug 05, 2016 06:26 am UTC| Technicals
Major intraday resistance- 133.89 (hourly Kijun-Sen). The pair declined below major support 133 handle till 132.55 yesterday. It is currently trading around 132.73. TheIntraday trend is weak as long as resistance...

FxWirePro: NZD/USD breaks above 61.8% Fib, go long for 0.7245
Aug 05, 2016 06:15 am UTC| Technicals
RBAs quarterly SoMP drives upside in Kiwi, NZD/USD breaks above 61.8% Fib at 0.7182. Intraday bias higher, we see scope for test of 78.6% Fib levels at 0.7245. The pair has bounced off 20-DMA support at 0.7140 on...

Aug 05, 2016 06:08 am UTC| Technicals
Despite whipsaws pattern, the pair doesnt seem to evidence upswings Trend moving in sideways as prices holding stronger at 100.748 levels Upside potential in the pair capped at 101.500 (upside range in whipsaws and...