FxWirePro: AUD/NZD struggles at 20-DMA, further upside only on close above
May 15, 2017 09:11 am UTC| Technicals
AUD/NZD is seen struggling to extend gains above 20-DMA currently at 1.0772. The pair is extending recovery from 10-week lows at 1.0610. Doji formation seen on Fridays charts suggests some indecision. The Aussie...
FxWirePro: EUR/USD trades higher on weak U.S economic data, good to buy on dips
May 15, 2017 08:17 am UTC| Technicals
Euro recovered sharply after hitting 1.08392 on Friday after weaker than expected U.S retail sales and CPI data. It is currently trading around 1.09420. U.S retail sales rose 0.4% last month compared to forecast of...
FxWirePro: EUR/SEK exhibits range bound movement, bias remains neutral
May 15, 2017 07:43 am UTC| Technicals
EUR/SEK is currently trading around 9.6520 levels. It made intraday high at 9.6790 and low at 9.6421 levels. Intraday bias remains bullish till the time pair holds key support at 9.6243 levels. A sustained...
FxWirePro: AUD/JPY hovers around 50-DMA, good to go long on break above
May 15, 2017 07:33 am UTC| Technicals
Aussie continued gaining traction despite of weaker than expected Chinese macro data. Gains in commodity space, especially copper, also lending support to the Aussie. AUD/JPY up 0.75% on the day, trading at...
FxWirePro: South African rand strengthens against U.S. dollar, downside limited
May 15, 2017 06:59 am UTC| Technicals
USD/ZAR is currently trading around 13.27 levels. It made intraday high at 13.37 and low at 13.25 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 13.48 marks. A...
FxWirePro: EUR/JPY edges above 124 handle, bearish 'Anti Gartley' keeps scope for downside
May 15, 2017 06:58 am UTC| Technicals
Euro finds support from Merkels big win in Sundays regional elections in Germany. Mixed market sentiment amid higher oil and negative equity markets also lend support to the funding currency EUR. EUR/JPY has...
May 15, 2017 06:51 am UTC| Technicals
AUDUSD bulls test after channel base, current price spike above DMAs, more rallies likely on bullish momentum indicated by both leading oscillators. On the flip side, amid the bullish swings, bears have managed to pull...
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