CHF/JPY breaks trend line support, further downside till 100- SMA likely
Feb 23, 2017 10:12 am UTC| Technicals
Major trend line support 112 (trend line joining 112.36 and 112.16) Major intraday resistance 112.73 (55- day EMA) CHF/JPY breaks the trend line support of 112 and declined till 111.50 level. The pair was...
FxWirePro: NZD/CAD struggles at 20-DMA at 0.9475, break above to see test of 0.9585
Feb 23, 2017 09:04 am UTC| Technicals
NZD/CAD is struggling to take gains beyond 20-DMA at 0.9475. We see Doji formation on daily charts. The pair unable to hold break above 100-DMA at 0.9465, edges lower to currently trade at 0.9458. Bias still...
FxWirePro: AUD/NZD rejected at highs, slips below 5-DMA, intraday bias lower
Feb 23, 2017 08:34 am UTC| Technicals
AUD/NZD rejected at highs, upside fails below major trendline resistance at 1.0765. Aussie slips against major peers as Australias private capital expenditure data fails to meet expectations. Australias Q4...
FxWirePro: EUR/SEK exhibits range bound movement, bias remains neutral
Feb 23, 2017 07:59 am UTC| Technicals
EUR/SEK is currently trading around 9.4766 levels. It made intraday high at 9.4798 and low at 9.4652 levels. Intraday bias remains neutral for the moment. A sustained break above 9.4810 tests key resistances...
FxWirePro: EUR/JPY holds 100-DMA support, weakness only on break below
Feb 23, 2017 07:16 am UTC| Technicals
Euro buoyed on Wednesday after Francois Bayou pulled out of the French Presidential race, boosting Macros probability of beating anti-Euro Marine Le Pen. EUR/JPY on Wednesday saw sharp rebound from session lows at...
Feb 23, 2017 07:08 am UTC| Technicals
Weve been neutral in a 0.7130-0.7240 range for Kiwi dollar against US dollar. Next strong resistance is seen at 0.7245 levels. Major resistance is seen at 0.7410 levels. When youve to observe the consolidation...
FxWirePro: USD/ZAR falls below 13.00 mark, stay bearish below 12.95
Feb 23, 2017 06:53 am UTC| Technicals
USD/ZAR is currently trading around 12.98 levels. It made intraday high at 13.02 and low at 12.92 levels. Intraday bias remains bearish till the time pair holds key resistance at 13.17 marks. A daily...
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