FxWirePro: GBP/NZD faces strong support at 100 day MA, good to buy at dips
May 24, 2016 06:29 am UTC| Technicals
Major Support- 2.1320 (100 day MA) The pair has made a low of 2.3150 and recovered from that level. It is currently trading at 2.15620. Market awaits BOE inflation report hearings for further direction. At these...
FxWirePro: USD/CNY breaks key resistance at 6.5510, a sustain close above targets 6.5708
May 24, 2016 06:20 am UTC| Technicals
USD/CNY is currently trading around 6.5532 marks. Intraday bias remains bullish till the time pair holds key support at 6.5406 levels. A sustained close above 6.5510 will test key resistances at 6.5525(March 02,...
FxWirePro: NZD/JPY breaks major support at 73.80, on track to test channel base at 72.30
May 24, 2016 05:42 am UTC| Technicals
Kiwi bears relentless amid risk-off sentiment persisting in the markets, both Asian equities and oil prices trading in the red. NZD/JPY extending overnight slump, breaks major support at 73.80, is on track to test...
FxWirePro: Silver breaks key support at $16.31, good to sell on rallies
May 24, 2016 05:42 am UTC| Technicals
XAG/USD is currently trading around $16.29 marks. It made intraday high at $16.39 and low at $16.25 levels. Intraday bias remains bearish till the time pair holds key resistance at $16.63 marks. A daily...
FxWirePro: GBP/JPY faces strong support at 159, good to sell on rallies
May 24, 2016 05:26 am UTC| Technicals
Major resistance- 159.20 (55 day EMA) Major support 157.70 (21 day MA) The pair has made a low of 158.04 and slightly recovered from that level. It is currently trading at 158.35. On the lower side major...
FxWirePro: Gold faces strong resistance at $1260, good to sell on rallies
May 24, 2016 05:09 am UTC| Technicals
Major support - $1243 (55 day EMA) Major resistance- $1268 (21 day MA) Gold has declined sharply yesterday on account of continuous chorus of Fed rate hike. It has declined till $1243 and closed at $1248. It is...
FxWirePro: AUD/JPY holds minor trendline support at 78.65, downside to resume on break below
May 24, 2016 04:56 am UTC| Technicals
AUD/JPY keeps losses, as RBA Governor Stevens speech failed to lift the sentiment around the AUD. Stevens reinforced his pledge to combat lower inflation levels by deploying appropriate monetary policy framework, and...
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