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FxWirePro: Taiwanese dollar trades marginally lower in early Asia, stay bullish

FxWirePro: AUD/CAD on track to test 200-DMA at 0.9662, stay long on dips

FxWirePro: USD/JPY minor trend in rising channel, major trend still stuck in range – Trade tunnel spread on shooting star and OB pressures

FxWirePro: USD/INR remains well supported below 72.00 mark, further downside movement likely

FxWirePro: XAG/USD moves in stiff boundaries, stay bullish only above $14.32 mark

FxWirePro:USD/CAD trades slightly lower on slight recovery in crude after massive sell-off, markets eye Canada manufacturing sales

FxWirePro: EURUSD pares gains after resignation of UK Brexit Minister Raab, good to sell on rallies

FxWirePro:USD/CHF Trade Idea

FxWirePro: USD/SGD trades in narrow range, faces key resistance at 1.3790 mark

FxWirePro: EUR/KRW moves directionless since last 2-week, stay neutral

FxWirePro: GBP/JPY shows see-saw movement on Brexit deal hope, good to buy on dips

FxWirePro: USD/CHF holds well above 1.000 level, good to buy on dips

FxWirePro:USD/CHF downside capped by trend line support, good to buy on dips

FxWirePro: USD/THB consolidates around 32.94 mark, sustained close above requires for upside rally

FxWirePro: CHF/JPY trades lower for 3rd day and major support is at 100- day MA, good to sell on rallies

FxWirePro: Gold holds well above $1200 on slightly weak US dollar and declining US 10 year yield, good to buy on dips

FxWirePro: USD/ZAR hovers around key support at 14.15 mark, sustained close below requires for downside rally

FxWirePro: AUD/NZD breaks major trendline support, hits 3-week lows at 1.0849

Friday, February 2, 2018 8:39 AM UTC
0
comments
  • AUD/NZD breaks below major trendline support at 1.0875, bias lower, we prefer to stay short.
     
  • The pair is extending weakness after break below 20-DMA, hits 3-week low at 1.0849.
     
  • Price action today remains extremely range-bound, the pair makes the day's high of 1.0874 and a low of 1.0854.
     
  • Upside finds stiff resistance at 1.0938 (converged 20-DMA and 38.2% Fib). Upside only on break above.
     
  • Technical studies are bearish. Next bear target 50% Fibo at 1.0830 ahead of 61.8% Fib at 1.0721.
     
  • Markets now await New Zealand seasonally adjusted Building Permits for December for further impetus in the pair.

Call update: Our previous call (https://www.econotimes.com/FxWirePro-AUD-NZD-finds-strong-support-at-10950-20-DMA-good-to-go-short-on-break-below-1124222) has hit TP1.

Recommendation: Book partial profits at lows. Bias lower, hold for further downside.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

 

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24 Mln

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15 Bln USD

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8 Bln USD

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-1541 %

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-1541 %

January 31 00:00 UTC 417247417247m

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 417247417247m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 417247417247m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

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