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FxWirePro: Talks of BoJ in the markets, USD/JPY bounces 40 pips off lows

Mar 18, 2016 05:51 am UTC| Technicals

Declines in USD/JPY have been too heavy, the BOJ may be trying to slow down the current pace of Yen appreciation. USD/JPY sees a sudden 40 pips bounce off lows, from 110.89 to 111.29 levels. The pair is...

FxWirePro:USD/CHF faces strong support at 0.9600, good to buy at dips

Mar 18, 2016 05:47 am UTC| Technicals

Major support 0.9600 (trend line joining 0.90719 and 0.9156) The pair has made a low of 0.96510 and slightly recovered from that level. It is currently trading around 0.9670. USD/CHF major support is around...

FxWirePro: NZD/USD breaks strong resistance at 0.6850, good to go long on close above, target 0.6925

Mar 18, 2016 05:09 am UTC| Technicals

Broad based weakness in US Dollar and rising commodities buoying the Kiwi. The pair has broken strong resistance at 0.6850 on the day, but has pared some gains to currently trade at 0.6836 levels. Close above...

Indian rupee erases previous gain against US dollar, intraday bias remains neutral

Mar 18, 2016 04:21 am UTC| Technicals

USD/INR is currently trading at 66.5850 marks. It made intraday high at 66.62 and low at 66.55 levels. Intraday bias remains neutral for the moment. A daily close below 66.46 will take the parity back around...

FxWirePro: AUD/USD on track to take out 0.77, broadly weak Greenback and commodities' recovery supports

Mar 18, 2016 04:05 am UTC| Technicals

Significant gains in commodities and a broadly weak Greenback supports upside in AUD/USD. The pair has hit session highs at 0.7680, breaking above resistance at 0.7648 (Double top Apr 14th and July 3rd). The...

ASX200 faces strong resistance at 5225, good to buy at dips

Mar 18, 2016 03:18 am UTC| Technicals

Major resistance - 5225 ASX200 has slightly retreated after making a high of 5225. It is currently trading at 5175. Short term trend is slightly bullish as long as support 5130 holds. Any break below 5130 will...

FxWirePro: Nikkei225 faces strong support at 16500, good to buy at dips

Mar 18, 2016 03:02 am UTC| Technicals

Major resistance - 17300 The index has once again retreated after making a high of 17236 yesterday. It is currently trading around 16718.Short term trend is bullish as long as support 16500holds. On the higher...

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