Jul 01, 2016 06:29 am UTC| Technicals
After four days of price recoveries, the bulls now seem to be exhausted and have lost the momentum in buying. We could foresee bears business to resume in CADJPY when we consider the intermediate and long term trend of...
FxWirePro: GBP/JPY struggles to break above 140, good to sell on rallies
Jul 01, 2016 06:20 am UTC| Technicals
Major resistance- 140 GBP/JPY has declined sharply after making a high of 139.01. It is currently trading around 136.59. Short term trend is still weak as long as resistance 140 holds. The bear trend from...
FxWirePro: USD/ZAR almost flat at 14.75 mark, a break below targets 14.28
Jul 01, 2016 06:04 am UTC| Technicals
USD/ZAR is currently trading around 14.75 levels. It made intraday high at 14.77 and low at 14.70 levels. Intraday bias remains neutral till the time pair holds key support at 14.75 marks. A daily close...
Gold faces strong resistance around $1335, break above targets $1358/$1372
Jul 01, 2016 05:32 am UTC| Technicals
Major resistance - $1335 (26th Jun 2016 high) Major support - $1317 (21 4H MA) Gold has recovered sharply till $1330 at the time of writing after the Mark Carney hinted that the BOE could ease monetary policy...
FxWirePro: USD/INR remains supported just above 67.38 mark, bias turns to slightly negative
Jul 01, 2016 05:30 am UTC| Technicals
USD/INR is currently trading around 67.44 marks. It made intraday high at 67.52 and low at 67.41 marks. Intraday bias remains bearish till the time pair holds key resistance at 67.72 marks. Key resistances...
FxWirePro: USD/JPY capped between 5&10 DMAs, momentum studies neutral
Jul 01, 2016 04:33 am UTC| Technicals
Risk-on rally in the equities was offset by poor Chinese manufacturing PMI reports. Poor Chinese data and deteriorating investors sentiment likely to keep demand for the Yen intact. Data released earlier showed...
FxWirePro: AUD/NZD falls below 1.0450 mark, faces key support at 1.0416
Jul 01, 2016 03:29 am UTC| Technicals
AUD/NZD is trading around 1.0432 marks. Pair made intraday high at 1.0454 and low at 1.0422 marks. Short term bias remains highly neutral till the time pair holds key support at 1.0416 marks. On the top...
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