FxWirePro: USD/RUB hits fresh 2 –month low at 62.37 mark, faces strong support at 62.21 mark
Jul 01, 2016 08:08 am UTC| Technicals
USD/RUB is currently trading around 64.02 levels. It made intraday high at 64.82 and low at 62.37 levels. Intraday bias remains bearish till the time pair holds key resistance at 65.33 marks. Pair is moving...
DAX30 faces strong resistance at 9860, break above targets 9940/100084
Jul 01, 2016 08:01 am UTC| Technicals
Major resistance 9860 (21 day MA) The index has broken high 9718 (High made after Brexit) and jumped till 9795. It is currently trading around 9668. DAX30 should close above 9860 for further bullishness. Any...
Jul 01, 2016 07:55 am UTC| Technicals
Although the prices are trying bounce from last 2 weeks, now remained well below 21DMA that has pulled back into the sideway range lasted for 7 weeks. Current prices are attempting to drop below 7DMA. While breaking...
FxWirePro: CAD/JPY struggles to close above 80, good to sell on rallies
Jul 01, 2016 07:29 am UTC| Technicals
Major resistance- 79.95 (55 4H EMA) CAD/JPY has made a high of 79.95 yesterday and started to decline from that level. It is currently trading around 79.19. Short term trend is bearish as long as resistance 80...
Jul 01, 2016 07:21 am UTC| Technicals
Upside in CAD is likely limited as we feel oil prices have peaked at current levels. Technically, AUD/CAD finds stiff resistance at 0.97 levels (channel top and 200-DMA). Momentum studies have turned bullish, RSI...
FxWirePro: USD/CNY hovers around 6.65 mark, PBoC sets yuan midpoint at 6.6496 per dollar
Jul 01, 2016 07:00 am UTC| Technicals
USD/CNY is currently trading around 6.6510 marks. It made intraday high at 6.6519 and low at 6.6453 levels. Intraday bias remains bullish till the time pair holds key support at 6.6330/6.6110 levels. On the...
FxWirePro: NZD/JPY ends 3 consecutive days of gains, 10-DMA caps upside
Jul 01, 2016 06:52 am UTC| Technicals
NZD/JPY remains capped below 10-DMA at 73.64, further upside only on break above. The pair ends 3 consecutive days of gains, and is trading a narrow range on the day. We see scope for downside in the pair. Break...
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