FxWirePro: GBP/USD hits 3-1/2 month high, upside bias remains
May 25, 2016 18:27 pm UTC| Technicals
The GBP/USD pair extended its gain on Wednesday to hit high at 1.4730, maintaining the positive tone all the day long as a poll ahead of Britains European Union membership referendum gave a six-point lead to the In camp,...
FxWirePro: EUR/USD gains some upside momentum but still bearish
May 25, 2016 15:42 pm UTC| Technicals
The EUR/USD pair traded in tight range today in the early US session hitting few pips low around 1.1127 before recovering back to trade at 1.1163 levels. However, further advance towards higher levels should be...
FxWirePro: USD/CAD strongly bullish despite downside attempts
May 25, 2016 14:54 pm UTC| Technicals
The USD/CAD declined on Wednesday as oil prices and stock rose while Bank of Canada held its interest rate steady at 0.50 %. The pair declined to hit low at 1.3050 after Canadian interest rate decision was announced,...
FxWirePro: AUD/USD changes short term trend from neutral to bearish
May 25, 2016 13:41 pm UTC| Technicals
Australian dollar hovered near three months lows against US dollar on Wednesday as falling iron ore prices and speculation that the Reserve Bank of Australia will ease policy further weighted on the pair. Further...
May 25, 2016 12:04 pm UTC| Technicals
Major resistance- 2.17532 GBP/NZD has retreated after making a high of 2.175 on account of better than expected New Zealand trade surplus. New Zealand posted a trade surplus of $292 million in Apr, more than the...
FxWirePro: GBP/CHF faces strong resistance at 200 day MA, good to sell on rallies
May 25, 2016 11:32 am UTC| Technicals
Major resistance- 1.4540 (200 day MA) GBP/CHF has made a high of 1.45438 at the time of writing and slightly declined from that level.It is currently trading around 1.45113. The pair is struggling to close above...
May 25, 2016 11:11 am UTC| Technicals
Technical Glance: The recent rallies have tested resistance at 49.23 levels where it was not able to sustain buying interest in recent times and slid upto the lows of 47.39 levels (see 1H chart). At this resistance...
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