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USD/CAD faces strong trend line support at 1.3100, break below targets 1.3000

Dec 14, 2016 11:50 am UTC| Technicals

Major support 1.3100 (trend line joining 1.2460 and 1.27638). USD/CAD touched major trend line support 1.3100 yesterday. It is expected to break trend line support after US Fed monetary policy. US Fed Monetary...

FxWirePro: NZD/CAD finds stiff resistance at 0.9498 (100-DMA), good to long break above

Dec 14, 2016 09:03 am UTC| Technicals

NZD/CAD has held major trendline support at 0.9335. Stochs have shown a rollover from oversold levels and are biased higher. RSI is also biased higher at 46 levels and will confirm higher momentum if it reaches...

FxWirePro:USD/CHF trades softer ahead of Fed monetary policy , good to buy at dips

Dec 14, 2016 09:00 am UTC| Technicals

Major support 1.0100 (21- day MA). The pair eased after last week rise till 1.021355. It has made a low of 1.0100 yesterday and is currently trading around 1.0113. On the lower side, 21- day MA is acting as...

FxWirePro: USD/ZAR rejects key support at 13.53 mark, upside limited

Dec 14, 2016 08:25 am UTC| Technicals

USD/ZAR is currently trading around 13.64 levels. It made intraday high at 13.68 and low at 13.57 levels. Intraday bias remains slightly bullish till the time pair holds key support at 13.53 marks. A...

FxWirePro:GBP/JPY forms shooting star pattern, good to sell below 145.40

Dec 14, 2016 07:26 am UTC| Technicals

Pattern formed - Shooting Star. Major support 145.40 The pair has formed shooting star candlestick pattern in the daily chart .GBP/JPY jumped till 146.70 and started to decline from that level. It is currently...

FxWirePro: USD/CNY jumps above 6.90 mark, PBOC sets yuan mid-point at 6.9028

Dec 14, 2016 07:10 am UTC| Technicals

USD/CNY is currently trading around 6.9048 marks. It made intraday high at 6.9106 and low at 6.8983 levels. Intraday bias remains bullish till the time pair holds key support at 6.8983 mark. A sustained...

FxWirePro: XAG/USD remains well supported below $17.00 mark, markets eye FOMC rate decision

Dec 14, 2016 06:24 am UTC| Technicals

XAG/USD is currently trading around $16.95 marks. It made intraday high at $16.96 and low at $16.85 levels. Intraday bias remains bullish till the time pair holds key support at $16.46 levels. A daily close...

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