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Major resistance- 156 (Trend line joining 156.66 and 156.15) Major support – 155.25 (4 Hour Tenken-Sen) The pair has made a high of 155.95 and slightly declined from that level. It is currently trading around 155.82. On the higher side any break above

May 04, 2016 06:15 am UTC| Technicals

Major resistance- 156 (Trend line joining 156.66 and 156.15) Major support 155.25 (4 Hour Tenken-Sen) The pair has made a high of 155.95 and slightly declined from that level. It is currently trading around...

FxWirePro: Gold falls below $1280 ahead of ADP job results

May 04, 2016 06:05 am UTC| Technicals

XAU/USD is currently trading around $1280 mark. It made intraday high at $1287 and low at $1278 levels. Intraday bias remains bullish till the time pair holds immediate support at $1277 marks. A daily close...

FxWirePro: AUD/USD downside pauses above 38.2% Fib, further weakness on breaks below

May 04, 2016 05:46 am UTC| Technicals

AUD/USD downside stalls just shy of 38.2% Fib of Jan to April rise at 0.7450, further downside can be seen only on breaks below. The pair has come under strong selling pressure following the somewhat surprising 25bp...

FxWirePro: Gold struggles to close above $1300, good to sell on rallies

May 04, 2016 05:20 am UTC| Technicals

Potential reversal Zone - $1303 (May 2nd high) Gold has once again broken major psychological resistance $1300 and jumped till $1301.70 yesterday. The yellow cannot able to hold above $1300 level and started to...

FxWirePro: USD/INR opens higher at 66.62, India’s service PMI data in focus

May 04, 2016 04:18 am UTC| Technicals

USD/INR opened at 66.62 marks vs 66.52 previous close. Intraday bias remains bearish till the time pair holds key resistance at 66.75 marks. A daily close below 66.48 will take the parity down around key...

FxWirePro: NZD/USD shrugs-off upbeat jobs data, slips below 0.69 handle, good to sell rallies

May 04, 2016 04:07 am UTC| Technicals

NZD/USD reversed early spike on the back of upbeat NZ jobs data, and has slipped below the 0.79 handle. Data released earlier today showed New Zealand economy added 38,000 jobs in the March quarter, the largest...

FxWirePro: USD/JPY bounces off strong trendline support, back above 107 handle

May 04, 2016 03:39 am UTC| Technicals

USD/JPY is extending recovery above 107 handle after hitting fresh 18-month lows at 105.54 on Tuesdays trade. Selling across the Asian markets appear to have stalled amid thin trades and limited volatility as the...

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