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...
FxWirePro: USD/CNY hits fresh 9-month low at 6.7229 mark, PBOC sets yuan mid-point at 6.7303
Jul 27, 2017 07:06 am UTC| Technicals
USD/CNY is currently trading around 6.7336 marks. It made intraday high at 6.7529 and low at 6.7229 levels. Intraday bias remains bearish for the moment. A sustained close above 6.7529 marks will test key...
FxWirePro: GBP/AUD finds major trendline support at 1.6285, weakness likely on break below
Jul 27, 2017 07:04 am UTC| Technicals
Pound little impressed with UK Q2 preliminary GDP figures which were in line with expectations, as Brexit uncertainty continues to weigh. GBP/AUD rejected at highs at 1.6528 on Wednesdays trade. The pair extending...
FxWirePro: Gold trades higher after dovish Fed statement, good to buy on dips
Jul 27, 2017 06:28 am UTC| Technicals
Gold recovered sharply after hitting an intraday low of $1243 yesterday on account of dovish Fed. The yellow metal jumped till $1265 at the time of writing and is currently trading around $1264. Fed kept its interest...
Jul 27, 2017 06:09 am UTC| Technicals
USD subdued after FOMC decision overnight which was largely in line with market expectations. However lack of fresh insight on future hike rates combined with a dovish language in the statement knocked-off Treasury...
Jul 27, 2017 06:08 am UTC| Technicals
Gravestone doji and shooting star candlestick patterns have occurred at 111.875 and 111.949 levels. Ever since bearish candlestick patterns have occurred at peaks of recent rallies, bullish sentiments are totally waned...
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