
FxWirePro: NZD/JPY extends range trade, weakness only below trendline support at 73.60
Mar 01, 2016 06:18 am UTC| Technicals
NZD/JPY remains stuck in its multi-week range of 76.84-73.54 although recent signs point to a test of the downside ahead. Data on Monday showed that NZ confidence and building consents deteriorated significantly...

Chinese Yuan appreciates despite lower than expected manufacturing PMI data
Mar 01, 2016 06:10 am UTC| Technicals
Pair is currently trading at 6.5397 levels. It made intraday high at 6.5510 and low at 6.5414 levels. Today Chinas manufacturing Purchasing Managers Index slipped from 49.4 in January to 49.0 last month, the...

GBP/JPY breaks minor trend line resistance at 156.85, jump till 158.70 is possible
Mar 01, 2016 06:04 am UTC| Technicals
Major resistance - 158.75 (trend line joining 175.01 and 173.55) Minor resistance -156.85 Minor support -156.20 The pair has slightly recovered after making a low of 156.20. It is currently trading around...

FxWirePro: NZD/USD rangebound, price action rejected at cloud top
Mar 01, 2016 05:40 am UTC| Technicals
NZD/USD trades largely range-bound on the day after price action was rejected at cloud top by 0.6616. Markets seem to have intensified expectations for the RBNZ to cut OCR this year, following a slump in NZ business...

Mar 01, 2016 05:31 am UTC| Technicals
After breaking supports at 0.9747 bears have more intensive trading sentiments (see a bear candle with big real body). Apparently, it has tested channel line support at 0.9616 however, the price bounces from here...

Mar 01, 2016 05:21 am UTC| Technicals
AUD/USD pared loses and edged higher following the RBAs monetary policy decision to hold rates. Data showed Chinese manufacturing sector activity continues to deteriorate, adding to pressure on the Aussie. China...

FxWirePro: ASX200 faces strong support around 4850, good to buy at dips
Mar 01, 2016 05:16 am UTC| Technicals
Major resistance -4930 Major support -4850 ASX200 has recovered after making a low of 4853. It is currently trading around 4920. Short term trend is slightly bullish as long as support 4850 holds. On...