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FxWirePro: USD/CAD hits fresh multi-year peaks, weak Canadian GDP data and falling oil prices weigh on CAD

Aug 03, 2015 12:09 pm UTC| Technicals

Weakness around crude oil prices buoyed USD/CAD spot well above the 1.3100 handle Oil prices dropped to multi month lows on Monday as OPEC supply rises in July and demand concerns on weak China data USD/CAD spot jumped...

FxWirePro: GBP/USD approaching support level at 1.5550, bullish in the short term

Aug 03, 2015 12:07 pm UTC| Technicals

GBP/USD approaching support level at 1.5550, currently the cable is trading around 1.5570 levels, the resistance level at 1.5550 is set to hold the bears, and bring another rebound sooner or later. Pull back in the range...

FxWirePro: USD/CHF key support level at 0.9620, buy deals are recommended above 0.9640

Aug 03, 2015 12:03 pm UTC| Technicals

USD/CHF pair is approaching support level 0.9670, the support level at 0.9620 is set hold the bears and push pair further up. The pair is currently trading around 0.9676 levels. It is expected to, advance further...

EUR/GBP struggles to close above 200 day 4 HEMA, targets 0.6925

Aug 03, 2015 12:00 pm UTC| Technicals

RES 1 : 0.7225 (Jul 10th high) RES 2: 0.7158 (50 % retracement of 0.7380 and 0.6929) RES 3 :0.7084 (200 day 4 HMA) RES 4: 0.7031 (20 day 4 HMA) PRICE: 0.7029 @ 11:30 GMT SUP 1: 0.7020 (7 day 4 H EMA)...

Aussie struggles to break above 0.7360, targets 0.7190

Aug 03, 2015 11:32 am UTC| Technicals

RES 4 : 0.7350 (Jul 29th high) RES 3: 0.7328 (200 day HMA) RES 2 : 0.7273 (55 day H EMA) RES 1: 0.7271 (7 day H EMA) PRICE: 0.7266@ 11:30 GMT SUP 1: 0.7250 (161.8% retracement of 0.73266...

FxWirePro: EUR/GBP spike to 0.7040 quickly sold off, eyes support at 0.7010

Aug 03, 2015 10:52 am UTC| Technicals

EUR/GBP stalls downside and recovers slightly in the mid-European session The pair is currently trading at 0.7025, recovering from session lows of 0.7010 after UK manufacturing PMI continued to expand in July Spike to...

FxWirePro: USD/JPY recovers above 124 after touching a low of 123.51, good to sell on rallies

Aug 03, 2015 10:51 am UTC| Technicals

RES 4: 126.88 (161.8% retracement of 124.43 and 120.45) RES 3 : 125.85 (jun 5th high) RES 2:125 RES 1: 124.40 (Jun 24th high) PRICE: 124.21 @10:49GMT SUP1 : 124.07 (7 day 4 HEMA) SUP2 :123.80 (55...

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