FxWirePro:Gold struggles to break below $1260,good to buy at dips
May 16, 2016 05:32 am UTC| Technicals
Major support - $1261 (21 day MA) The yellow metal has once again taken support near $1260 and recovered from that level. It is currently trading around $1277. Short term trend is slightly bullish as long as...
FxWirePro: USD/JPY finds strong support at 108 levels, good to buy dips
May 16, 2016 05:17 am UTC| Technicals
USD/JPY is extending recovery from Fridays sell-off and is on track to regain 109 handle. Reports that PM Abe may put-off a sales tax hike diminished safe-haven bids for the yen amidst surging Japanese...
FxWirePro: USD/INR fails to sustain above 66.90, intraday bias remains bearish
May 16, 2016 04:52 am UTC| Technicals
USD/INR is currently trading around 66.83. It made intraday high at 66.91 and low at 66.81 marks. Intraday bias remains bearish till the time pair holds key resistance at 66.95 marks. A daily close below...
FxWirePro: AUD/USD recovers gap down open, bearish trend firmly in place
May 16, 2016 04:25 am UTC| Technicals
AUD/USD has recovered the opening downside gap but bearish trend in the pair firmly in place. Poor Chinese data over the weekend weighed heavily on the pair, AUD/USD hit session lows at 0.7244. AUD/USD currently...
FxWirePro: AUD/NZD refrains to fall below key support at 1.0704, good to sell on rallies
May 16, 2016 04:11 am UTC| Technicals
AUD/NZD is trading around 1.0762 marks. Pair made intraday high at 1.0783 and low at 1.0704 marks. Intraday bias remains bullish till the time pair holds key support at 1.0700 marks. A daily close below...
FxWirePro: NZD/USD recovers from session lows at 0.6746, good to buy breakout above 0.6770
May 16, 2016 03:53 am UTC| Technicals
Kiwi hammered earlier on the day on account of poor Chinese data, Chinese retail sales, industrial output and fixed asset investment data came in below estimates. Risk conditions slightly improving on the back of...
FxWirePro:ASX200 faces strong support at 5300, good to buy at dips
May 16, 2016 02:52 am UTC| Technicals
Major resistance - 5380 Major Support - 5307 (10 day EMA) ASX200 pares early losses made today and slightly jumped till 5372 at the time of writing. It is currently trading at 5368. Short term trend is...
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