EUR/JPY sees major resistance at 129.50

Mar 20, 2015 11:19 am UTC| Technicals

Pairs recovery ran resistance at 129.50 today, hourly high posted on Thursday Bulls helped by hourly close above 129.29 pivot point Cross kept positive by pre-weekend ...

AUD/NZD - RBA vs RBNZ outlooks weigh

Mar 20, 2015 11:11 am UTC| Technicals

Pair underpinned by RBA vs RBNZmonetary policy outlooks AUD/NZDclose to 1.03 vs last weeks 1.0530 pre-RBNZ high 1.0284 is the multi-year low posted earlier this month (Mar 4/5) Interest rate futures...

GBP/USD steadier post Wednesday & Thursday storms

Mar 20, 2015 10:06 am UTC| Technicals

Pair seen trading in a 54 pip range so far Friday, 1.4722-1.4776 Subsequent to 319 pip range Thursday 520 pip range Wednesday Supportpoints below 1.4722 seen at 1.47 (option expiry), 1.4689 1.4635...

USD/CNH longs seen back in trend

Mar 20, 2015 09:44 am UTC| Technicals

Pair bounces after a look below 6.2000 Downward move lost strength as soon as targeted stops were triggered Fresh speculator demand seen ahead 200-DMA 6.1900 (6.1953 low) Pair trades close to 0.6% ...

USD/CAD sees scope to 1.28 if Canada data below forecast

Mar 20, 2015 09:40 am UTC| Technicals

CAD could fall if Canada data weaker than expected at 1230GMT Feb CPI consensus +0.7% m/m, +1.0% y/y. Core CPI consensus +0.5% m/m, +2.1% y/y Retail sales consensus-0.7%in Jan to follow 2.0% fall in...

Spot USD/CAD underpinned by cloud

Mar 20, 2015 09:19 am UTC| Technicals

Spot obtained support ahead of the Ichimoku cloud on Wed Inability to close below 1.2535 suggests bullish setup 1.2535 is 23.6% retrace of the 1.1565 to 1.2835 up-leg Traders to get long at 1.2620 ...

NZD/USD - Long active but modest resist seen

Mar 20, 2015 09:12 am UTC| Technicals

Broke below cloud but sustains above yesterdays 0.7373 low which keeps longs active Ample resistance in lower 0.7500s to cap gains so caution prevails Target is at 0.7525, above the cloud top at...