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FxWirePro: Go long on XAU/USD around $1,255 with stop loss at $1,248 and target of $1,272

Jun 09, 2016 07:37 am UTC| Technicals

XAU/USD is currently trading around $1259 marks. It made intraday high at $1266 and low at $1259 marks. Intraday bias remains bullish till the time pair holds key support at $1248 marks. A sustained break...

FxWirePro: DAX30 faces strong resistance at 10325, good to sell on rallies

Jun 09, 2016 07:36 am UTC| Technicals

Major resistance 10325 (trend line joining 10875 and 10487) Major support 10000 (90 day EMA) DAX has pared its gains made in the past three trading session. The index has made a high of 10269 yesterday and...

FxWirePro: NZD/JPY breaks above channel top, to see further gains on break above 76.30

Jun 09, 2016 07:35 am UTC| Technicals

Kiwi saw huge gains after RBNZ held rates, NZD/JPY spiked past major resistances: 100-DMA at 75.45, channel top at 75.75. The pair hit 7-week high of 76.29, has erased some of the gains to currently trade at 75.90...

FxWirePro: AUD/CAD bounces off strong trendline support at 0.9463, bias lower

Jun 09, 2016 07:01 am UTC| Technicals

AUD/CAD is holding above strong trendline support currently at 0.9463. Break below needed for further downside. The pair is extending downside from 1-month highs of 0.9545 hit on Tuesday and was rejected at highs by...

FxWirePro: GBP/JPY faces strong support at 154.40, good to buy at dips

Jun 09, 2016 06:58 am UTC| Technicals

Major resistance- 155.40 (hourly Kijun-Sen) Major support 154.40 The pair has made a low of 154.40 yesterday and slightly recovered from that level. It is currently trading around 154.96. GBP/JPY minor...

FxWirePro: USD/ZAR recovers slightly from fresh monthly low, intraday bias remains neutral

Jun 09, 2016 06:39 am UTC| Technicals

USD/ZAR is currently trading around 14.76 levels. It made intraday high at 14.77 and low at 14.71 levels. Intraday bias remains neutral for the moment. A daily close below 14.72 will drag the parity down...

FxWirePro: EUR/USD faces resistance at 161.8% extension, good to sell on rallies

Jun 09, 2016 06:22 am UTC| Technicals

Major resistance -1.14265 (161.8% retracement of 1.13925 and 1.13384) The pair has broken major psychological resistance 1.1400 and made fresh four-week high around 1.14154 at the time of writing. It is currently...

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