FxWirePro: Sell US Dollar Index on rallies
Jun 02, 2017 12:17 pm UTC| Technicals
US Dollar index is consolidating in narrow range between 96.80 and 97.78 for the past one week. It is currently trading around 97.28. Short term trend is still weak as long as index not able to break above 98.08...
Jun 02, 2017 12:13 pm UTC| Technicals
Sterling faded the initial up-tick in the wake of the release of UKs Construction PMI. GBP failed to benefit from upbeat UKs construction PMI which came in at 56.0 in May, beating forecasts and up from Aprils...
Jun 02, 2017 11:42 am UTC| Technicals
USD/CAD consolidation still in progress and outlook remains unchanged. Intraday trend is still neutral and minor bullishness can be seen only above 1.3576 (200- 4H MA).The pair made a low of 1.33876 and shown a jump on...
FxWirePro: EUR/USD trades in narrow range, market eyes NFP data
Jun 02, 2017 11:41 am UTC| Technicals
Major support 1.1100 EURO is consolidating after hitting 1.12566 and declined slightly till 1.12020 (21 4H EMA). The pair bullish continuation can be seen only above 1.12675. It is currently trading around...
FxWirePro: AUD/NZD finds major support at 1.040, weakness to extend on break below
Jun 02, 2017 10:03 am UTC| Technicals
AUD/NZD slumps to fresh 3-month lows at 1.0413, bias remains bearish. Recovery attempts post release of Australia New Home Sales data failed to sustain. Data released earlier today by Australias Housing Industry...
FxWirePro: Loonie trades higher on weak crude oil, good to sell on rallies
Jun 02, 2017 09:16 am UTC| Technicals
USD/CAD consolidation still in progress and outlook remains unchanged. Intraday trend is still neutral and minor bullishness can be seen only above 1.3576 (200- 4H MA).The pair made a low of 1.33876 and shown a jump on...
FxWirePro: AUD/CHF hovers around 61.8% Fib, bias lower, stay short
Jun 02, 2017 09:01 am UTC| Technicals
AUD/CHF pauses downside and has edged higher as Aussies bulls found some respite from todays release of New Home Sales data. Data released earlier today by Australias Housing Industry Association showed a 0.8% m/m...
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