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FxWirePro: USD/JPY breaks support at 100.70, go short on rallies

Jul 08, 2016 04:03 am UTC| Technicals

USD/JPY intraday bias lower. Pair breaks trendline support at 100.70 on hourly charts. Test of 100.20 likely. Japanese Ministry of Finance (MOF) official Asakawa crossed the wires now via Bloomberg, commenting on...

FxWirePro: AUD/NZD hits fresh 14 –month low at 1.0315, sustain break below targets 1.0261

Jul 08, 2016 03:39 am UTC| Technicals

AUD/NZD is trading around 1.0326 marks. Pair made intraday high at 1.0367 and low at 1.0315 marks. Intraday bias remains bearish till the time pair holds key resistance at 1.0450 marks. On the top side, a...

Gold faces strong trend line support at $1350, break below targets $1337/$1325

Jul 08, 2016 02:32 am UTC| Technicals

Major intraday resistance -$1363 (21 H MA) Major intraday support - $1352 (trend line joining $1338 and $1343). The yellow metal has taken support near trend line and slightly recovered from that level. It is...

FxWirePro: Go short on USD/SGD at 1.35 with stop loss at 1.3570 and target of 1.3410

Jul 08, 2016 02:30 am UTC| Technicals

USD/SGD is currently trading around 1.3493 marks. It made intraday high at 1.3501 and low at 1.3478 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.3570 levels. A daily...

FxWirePro: NZD/USD extends overnight gains, on track to test 0.73 levels

Jul 08, 2016 02:20 am UTC| Technicals

RBNZ Deputy Governor Grant Spencer noted yesterday that further rate cuts could pose a risk to financial stability. RBNZ said it concerned about a severe housing correction that would pose real risks to the financial...

FxWirePro: USD/KRW hovers around 1157 mark, faces strong support at 1152

Jul 08, 2016 02:02 am UTC| Technicals

USD/KRW is currently trading around 1157 levels. It made intraday high at 1158 and low at 1156 levels. Intraday bias remains bearish till the time pair holds key resistance at 1162 mark. A sustained break...

FxWirePro: ASX200 faces strong support at 5200, good to sell on rallies

Jul 08, 2016 01:36 am UTC| Technicals

Major Intraday resistance - 5276 (200 4H MA) The index has taken support near 200 H MA and slightly recovered from that level.It is currently trading around 5235. Overall trend is weak as long as the resistance...

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