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NZD/USD can't hold above 55 DMA, bears hang tough

Mar 02, 2015 14:22 pm UTC| Technicals

Source: Thomson Reuters Overnight lift on China cut pierces 55-DMA but NZD/USD unable to hold above Pair now off Feb low 10-DMA, sub-TrendLine, RSI biased down; bears hang tough Market looks to RBA, if cut or ease...

AUD/USD bias remains with the bears

Mar 02, 2015 09:47 am UTC| Technicals

Pairs move to 0.7850 stopped out the short trade at entry level in Asia Bias remains with the bears, offer at overnight highs Trend indicators show scope for a further sell-off Target 0.7627 lows from Feb...

USD/CAD looks to get long at 1.2430

Mar 02, 2015 08:32 am UTC| Technicals

Traders look to get long at 1.2430 for gains to 1.2600 and beyond Support seen between 1.2353/1.2388; February 3/26 lows A daily close below 1.2286 - 23.6% of 1.0620 to 1.2800...

USD/MYR returns above 3.6300

Mar 02, 2015 08:19 am UTC| Technicals

USD/MYR on the rise, follows renewed buying in NDFs Firm close above 3.63 today to see fresh spike towards 3.65 break Outflows from local debts pile on bearish MYR outlook USD/MYR last 3.6320-40, NDFs ...

EUR/USD barriers expected on 1.10 handle

Mar 02, 2015 07:51 am UTC| Technicals

EUR/USD caught in low of recent ranges weighed by bearish technicals Expect buying ahead 1.1100 corporate and speculator profit-taking 1.1150 1.1100 traded Jan 26, then 1 month 1.1150/00s seem unexpected...

EUR/SEK bids small but tight

Mar 02, 2015 07:49 am UTC| Technicals

Pair seems to be working off the extras of the sharp fall last week Swedish Feb manufacturing PMI softer than expected at 53.3, 55.00 market, 55.1 previous EUR/SEKlost nearly 4% for the 11-day run to...

USD/CHF breaks pivotal resistance region

Mar 02, 2015 07:44 am UTC| Technicals

Tight 0.9565 long stop came very close overnight, somewhat easier now intraday 0.9545-54 region broke, sustained breakout will change bias Close above 0.9565 a reversal buy with 1.00 target Rising 10 DMA...

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