FxWirePro: AUD/USD drift near multi-month lows after Fed rate remarks
May 30, 2016 17:50 pm UTC| Technicals
AUD/USD was pinned near multi moth lows on Monday after comments by Federal Reserve last week reinforced expectations of a US interest rate hike as early as June. Investors remained cautious ahead of busy week in...
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
May 30, 2016 16:38 pm UTC| Technicals
USD/CAD pair begun the week declining towards lower levels from Fridays close as oil prices rose towards 49$ per barrel and investors remained cautious on speculation of US rate hike this summer. Oil prices rose as...
May 30, 2016 12:20 pm UTC| Technicals
The pair has tested support near 1.9013 (7DMA) and bounced to the current levels of 1.9066. Despite the attempts of upswings the current prices are lingering at 7DMA. Sideway trend slipping as the bears to resume...
FxWirePro: CHF/JPY faces strong resistance at 112.35, good to sell on rallies
May 30, 2016 12:04 pm UTC| Technicals
Major Resistance- 112.35 (trend line joining 117.41 and 115.01) The pair has made a high of 112.12 and slightly declined from that level. It is currently trading around 111.91. Short term trend is slightly...
May 30, 2016 11:51 am UTC| Technicals
Major resistance- 162.80 (100 EMA) Major support -159.93 (10 day EMA) GBP/JPY has broken major resistance 162.80 and slightly retreated from that level. It is currently trading around 162.27. The pair is...
FxWirePro: GBP/USD upside capped at 200 day MA, good to sell on rallies
May 30, 2016 10:30 am UTC| Technicals
Major resistance -1.4770 (200 day MA) Cables upside momentum from 1.44450 has been capped at 1.47395 (May 26th high).GBP/USD has been struggling to break May months high 1.47696 and also 200 day MA. Any further...
ETH/USD faces strong support at $10, good to buy at dips
May 30, 2016 09:35 am UTC| Technicals
Major support - $10.02 (61.8% retracement $14.85 and $7) The pair has taken support near $10 and started to slightly recover from that level. It is currently trading around $12.39. ETH/USD minor resistance is...
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