Spot USD/CAD underpinned by cloud

Mar 20, 2015 09:19 am UTC| Technicals

Spot obtained support ahead of the Ichimoku cloud on Wed Inability to close below 1.2535 suggests bullish setup 1.2535 is 23.6% retrace of the 1.1565 to 1.2835 up-leg Traders to get long at 1.2620 ...

NZD/USD - Long active but modest resist seen

Mar 20, 2015 09:12 am UTC| Technicals

Broke below cloud but sustains above yesterdays 0.7373 low which keeps longs active Ample resistance in lower 0.7500s to cap gains so caution prevails Target is at 0.7525, above the cloud top at...

EUR/CHF weighed by downticking 21 DMA

Mar 20, 2015 08:55 am UTC| Technicals

Pair still under pressure nearing yesterdays 1.0530 lows Yesterdays fall halted ahead of the pullback low from Mar 13 at 1.0518 Offer lowered in sync with downticking 21 DMA at 1.0676 Breach of 1.0500...

USD/JPY - Large 121.00 strike likely to attract

Mar 20, 2015 08:36 am UTC| Technicals

3.7B worth of 121.00 NY cut expiries expected to attract in early NY trading Mix of offers stops seen above 121.00; bids seen at 120.50 while offers are in size at 121.25 Hourly hammer seen late Wed continuing...

EUR/USD sees little interest inside 1.06-1.07

Mar 20, 2015 08:26 am UTC| Technicals

No real EUR/USD interest seen in 1.06-1.07 range, very little will to be long of euros Top-picking seen at 1.0700 level, the more expected speculator strategy Real money offers said 1.0740-50. Trader stops...

GBP/USD - 38.2% fibo helps to cap

Mar 20, 2015 08:17 am UTC| Technicals

Pair met headwind pre-1.4779 in Asia after moving up from 1.4689 1.4779 is 38.2% of 1.4925 (Thursdays London am high) to 1.4689 Fall to 1.4689 triggered by dovish steer from BoEs Haldane Wednesdays...

USD/CHF - 200 HMA suspected cap by 1.0000

Mar 20, 2015 07:02 am UTC| Technicals

Pair moving downward again intraday after the 200/100 HMA weighed on Wed Rally attempts to be capped by 200 HMA at 1.0010. Offer ahead at 1.0000 0.9630 low is near to 100 DMA by 0.9600 Daily oscillators...