FxWirePro: AUD/USD hovers near 8-year high, short term outlook bearish
Mar 14, 2016 19:20 pm UTC| Technicals
AUD/USD pair slipped sharply on from 8-month high on Monday as dollar gained strength on the back of expectations the Federal Reserve on Wednesday will give hint on timing of its next rate hike move. Further decline...
FxWirePro: USD/CAD strongly bearish despite upside attempts
Mar 14, 2016 18:33 pm UTC| Technicals
The USD/CAD pair inched higher on Monday as crude oil prices declined below $40 a barrel and investors braced for policy decision by Federal Reserve on Wednesday. The pair has recovered from Fridays low 1.3211 to...
FxWirePro: EUR/USD stuck in range but maintains bullish bias
Mar 14, 2016 17:02 pm UTC| Technicals
The EUR/USD pair has declined towards lower levels on Monday as the US dollar gained strength across the board as investors remained cautious ahead of Wednesdays FOMC Meeting. At the moment the pair is trading around...
FxWirePro: GBP/USD loses momentum but outlook is bullish
Mar 14, 2016 15:18 pm UTC| Technicals
GBP/USD has lost some ground to dollar to trade around 1.4322 levels after slipping from 1.4387 levels. The cable is currently trading in oversold condition and a rebound towards higher levels can be expected sooner or...

Mar 14, 2016 14:04 pm UTC| Technicals
Day highs were not able to sustain and has rejected resistance at 1.4385 levels. During the intraday sessions with bearish sentiments mounting the pair has been able to break below supports at 1.4343. Cable has been...

FxWirePro: GBP/CAD to restrain in range - naked strangle shorts to derive certain yields
Mar 14, 2016 12:00 pm UTC| Technicals
IVs of 1M GBPCAD ATM contracts have been stagnant which in turn a cause of concern as to whether spot FX would move in sync with vols or not. Because sterling holding stronger from the end of last month and continued...

Mar 14, 2016 11:52 am UTC| Technicals
Major resistance - 1.4400 (55 day EMA) Major support - 1.4345 (3 day EMA) The pair has made a high of 1.44363 and slightly retreated from that level. It is currently trading around 1.43810. Cable is facing...