FxWirePro: AUD/CAD extends grind below 200-DMA, test of trendline support at 0.9860 likely
Jun 02, 2017 06:50 am UTC| Technicals
AUD/CAD is extending grind below 200-DMA at 1.0025, bias lower. Antipodeans knocked down to fresh daily troughs following the release of worse-than-expected Chinese manufacturing PMI on Thursday. Chinas Caixin...
FxWirePro: USD/ZAR falls below 13.00 mark, good to sell on rallies
Jun 02, 2017 06:21 am UTC| Technicals
USD/ZAR is currently trading around 12.90 levels. It made intraday high at 12.91 and low at 12.85 levels. Intraday bias remains bearish for the moment. A daily close above 12.87 will take the parity...
FxWirePro: EUR/JPY breaks above 20-DMA, bias higher, good to go long on dips
Jun 02, 2017 06:08 am UTC| Technicals
EUR/JPY extends upside for 3rd consecutive session, breaks above 125 handle. The pair is trading with a bullish bias, we see scope for test of channel top at 126 levels. Japanese Yen remains on the back foot amid...
FxWirePro: GBP/JPY upside capped by trend line resistance, break above targets 145.40
Jun 02, 2017 06:06 am UTC| Technicals
GBP/JPY formed a bottom around 141.48 slightly below 50- day MA and jumped sharply from that level. The pair hits high of 143.95 at the time of writing and is currently trading around 143.69. It has broken slightly...
FxWirePro: USD/JPY holds above 5-DMA, focus on non-farm payrolls data
Jun 02, 2017 05:32 am UTC| Technicals
USD/JPY extends gains above 111 handle ahead of crucial non-farm payrolls data. Strong US ADP employment report released in the NY session overnight strengthened the bid tone around the USD. The possibility of a...
FxWirePro: USD/INR trades in narrow range, upside limited
Jun 02, 2017 05:24 am UTC| Technicals
USD/INR is currently trading around 64.38 marks. It made intraday high at 64.39 and low at 64.33 marks. Intraday bias remains bearish till the time pair holds key resistance at 64.53 marks. Key resistances...
FxWirePro: Gold Intraday Outlook
Jun 02, 2017 04:43 am UTC| Technicals
Gold consolidating in narrow range between $1259 and $1274 for the past two trading session. The yellow metal declined almost $10 yesterday after better than expected ADP employment data and is currently trading around...
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