Jul 27, 2017 11:30 am UTC| Technicals
Kiwi buoyed on the back of strong Chinese industrial profits data and Fonterras revision to its farmgate milk prices China June Industrial profits climbed +19.1% y/y compared to +16.7% in the previous month. Also, the...
FxWirePro: EUR/JPY finds strong support at 20-DMA, good to go long on decisive break above 130.60
Jul 27, 2017 10:32 am UTC| Technicals
EUR/JPY is extending grind along 20-DMA which is strong support currently at 129.45. The pair is continuing consolidation at weekly 200-SMA at 130.60, bias higher. We see further bullishness only on break above. Test...
Jul 27, 2017 10:00 am UTC| Technicals
EUR/AUD upside from 4-year lows at 1.3626 (Feb 2017) has likely run out of momentum. The pair has entered trade in a slopping channel and is extending grind lower. The pair has turned lower following a bearish RSI...
FxWirPro: GBP/JPY downside capped by 21- EMA, good to buy on dips
Jul 27, 2017 09:41 am UTC| Technicals
Major support 144 (55 EMA and trend line support). GBP/JPY has made a high of 146.40 yesterday after forming a minor bottom at 144. It is currently trading around 146.17. On the higher side, minor resistance is...
FxWirePro: USD/CHF faces strong resistance at 21- day EMA, good to sell on rallies
Jul 27, 2017 09:38 am UTC| Technicals
USD/CHF has shown a minor jump above 21- day EMA and declined sharply from that level. The pair jumped till 0.95951 and is currently trading around 0.95673. In the daily chart, the pair is facing strong resistance...
FxWirePro: AUD/NZD hovers around cloud top, weakness only on break below 1.0611 (200-DMA)
Jul 27, 2017 09:06 am UTC| Technicals
AUD/NZD is trading largely unchanged on the day, spinning top formation seen on daily charts. Upside remains capped at 100-DMA at 1.0679, intraday bias lower. The pair finds strong support at 200-DMA at 1.0611, break...
FxWirePro: USD/ZAR rejects key resistance at 13.09 mark, bias turns bearish again
Jul 27, 2017 07:50 am UTC| Technicals
USD/ZAR is currently trading around 12.90 levels. It made intraday high at 12.92 and low at 12.85 levels. Intraday bias remains bearish till the time pair holds key resistance at 13.09 mark. A daily close...
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