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FxWirePro:USD/CAD faces strong resistance at 1.2860, good to sell on rallies

Jun 23, 2016 09:07 am UTC| Technicals

Major resistance 1.2860 (90 4H EMA) Loonie has broken major support at 1.2800 (21 4H MA) and declined till 1.27818. It is currently trading around 1.27823. Any break below 1.2800 will drag the pair down till...

AUD/CHF trades well above 0.7200, jump till 0.7315/0.7380 is possible

Jun 23, 2016 07:55 am UTC| Technicals

Major resistance- 0.7202 (90 day EMA) Major support - 0.7140 (21 day MA) The pair has broken major resistance 0.702 (90 day EMA) and jumped till 0.72287.It is currently trading around 0.72213. Short term...

FxWirePro: NZD/JPY struggles around 100-DMA at 75.14, intraday bias higher

Jun 23, 2016 07:51 am UTC| Technicals

NZD/JPY is extending upside for the 4th consecutive session, has hit highs of 75.37 and is currently trading around 75.16 levels. The pair is struggling to extend gains beyond 100-DMA at 75.13, decisive break above...

CAD/JPY faces strong resistance at 55 4H EMA, break above targets 83.45/84.50

Jun 23, 2016 07:37 am UTC| Technicals

Major resistance -82.10 (55 4H EMA) CAD/JPY has jumped till 82.07 and started to decline from that level. It is currently trading around 81.73. The decline from 85.50 till 79.30 will be completed once the pair...

FTSE100 faces strong neck line resistance at 6410, break above targets 7125

Jun 23, 2016 07:36 am UTC| Technicals

Pattern Formed- Inverse Head and Shoulder Major resistance 6410 (Trend line joining 6487 and 6433) FTSE100 has broken minor resistance at 6323 (Jun 7th high) and is currently trading around 6330. Market...

FxWirePro: USD/ZAR hits fresh 7 –week low at 14.54, good to sell on rallies

Jun 23, 2016 07:05 am UTC| Technicals

USD/ZAR is currently trading around 14.59 levels. It made intraday high at 14.62 and low at 14.54 levels. Intraday bias remains bearish for the moment. A daily close below 14.61 will drag the parity down...

FxWirePro: USD/CNY breaks major trend line at 6.5750 as PBOC sets Yuan mid-point at 6.5658 per dollar

Jun 23, 2016 06:23 am UTC| Technicals

USD/CNY is currently trading around 6.5690 marks. It made intraday high at 6.5750 and low at 6.5665 levels. Intraday bias remains bearish till the time pair holds key resistance at 6.5750 levels. On the top...

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