FxWirePro: EUR/AUD pares gains, slips below 50-DMA resistance post-ECB
Dec 08, 2016 13:07 pm UTC| Technicals
EUR/AUD pares gains, slips below 50-DMA which is major resistance. ECB left the interest rate on the main refinancing operations at 0.00%, the interest rate on the marginal lending facility and the deposit facility at...
FxWirePro: NZD/USD hovers around 100-DMA at 0.7196, breakout above could test 0.7289
Dec 08, 2016 12:40 pm UTC| Technicals
NZD/USD edges lower from session highs at 0.7222. The pair finds strong resistance by 100-DMA at 0.7196. Breakout finds next strong resistance at 0.7228 (50% Fib and Nov 11 high). Technicals support upside...
Dec 08, 2016 12:40 pm UTC| Technicals
Major resistance- 1.08500 (Support turned into resistance) Major intraday support 1.0680 (55- 4H EMA) EUR/USD jump from the low of 1.0504 is seen as correction and the pair should close above 1.08500 for the...
USD/CAD trades below major support at 1.3220, dip till 1.3070 likely
Dec 08, 2016 11:31 am UTC| Technicals
Major support- 1.3220 (trend line joining 1.28224 and 1.30060). Loonie breaks major support around 1.3220 and declined slightly till 1.32080 at the time of writing. It is currently trading around 1.3220. On the...
Dec 08, 2016 11:29 am UTC| Technicals
Weve constantly been alerting bearish pressure ever since the occurrence of shooting star pattern at the peaks in last October. For more readings on our previous technicals write ups please follow below...
FxWirePro: GBP/CAD faces strong trend line resistance at 1.7000, good to sell on rallies
Dec 08, 2016 08:51 am UTC| Technicals
Major resistance 1.7000 (trend line joining 1.7523 and 1.7123). Major support - 1.6650 (trend line joining 1.6568 and 1.66142). GBP/CAD made a temporary top around 1.6985 on Dec 6th 2016 and declined from that...
FxWirePro: USD/CNY exhibits range bound movement; PBOC sets yuan mid-point at 6.8731
Dec 08, 2016 08:29 am UTC| Technicals
USD/CNY is currently trading around 6.8798 marks. It made intraday high at 6.8855 and low at 6.8739 levels. Intraday bias remains neutral for the moment. A sustained close above 6.88 marks will test key...
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