Jun 07, 2016 06:29 am UTC| Technicals
Markets largely ignored New Zealand Treasury Monthly Economic Report for the month of May, NZD/USD briefly slipped below the 0.69 handle. Treasury Report for May noted that data shows economy has grown at a reasonable...
AUD/CHF faces strong resistance at 0.7220, break above targets 0.7320/0.7360
Jun 07, 2016 06:23 am UTC| Technicals
Major resistance 0.7225 (200 4 H MA) The pair has broken the minor resistance at 0.7160 (90 4H EMA) and jumped till 0.72147. It is currently trading around0.72105. Short-term trend is slightly bullish as long as...
FxWirePro: USD/ZAR stabilises above key support at 14.88, good to buy on dips
Jun 07, 2016 06:15 am UTC| Technicals
USD/ZAR is currently trading around 14.9220 levels. It made intraday high at 14.94 and low at 14.88 levels. Intraday bias remains slightly bullish for the moment and downside is limited as 20D, 30D and 55D EMA...
FxWirePro: GBP/JPY faces strong support at 155.70, good to buy at dips
Jun 07, 2016 05:55 am UTC| Technicals
Major support 155.70 (Hourly Kijun-Sen) The pair has declined drastically after making a high of 157.91 at the time of writing. It is currently trading around 156.43. The intraday trend is slightly bullish as...
FxWirePro: Silver fails to sustain above $16.51, faces strong support at $16.32
Jun 07, 2016 05:50 am UTC| Technicals
XAG/USD is currently trading around $16.33 marks. It made intraday high at $16.46 and low at $16.31 levels. Intraday bias remains bearish till the time pair holds key support at $16.32 marks. A daily close...
FxWirePro: RBA on hold, AUD/USD hits new monthly high of 0.7426
Jun 07, 2016 05:30 am UTC| Technicals
RBA Board decided to leave the cash rate unchanged at 1.75 per cent. In the statement that followed the board noted that policy would be consistent with sustainable growth in the economy and inflation returning to...
FxWirePro: EUR/AUD breaks major support at 1.5355, on track to test 100-DMA at 1.5192
Jun 07, 2016 05:08 am UTC| Technicals
EUR/AUD has broken major trendline support at 1.5355 and is currently trading around 1.53 levels as Aussie spiked post-RBA decision. RBA Board decided to leave the cash rate unchanged at 1.75 per cent, noting that...
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