FxWirePro: USD/CAD trades lower on higher oil price, good to sell on rallies
May 17, 2016 07:04 am UTC| Technicals
Loonie has raised above Friday high of 1.29572 and declined from that level yesterday . Overall yesterday trend was very weak on account of better than expected existing home sales data of Canada and stronger crude oil...
FxWirePro: NZD/JPY edges lower from session highs at 74.51, bias higher
May 17, 2016 06:28 am UTC| Technicals
Risk sentiment weakens amid mixed Asian markets, yen strengthens weighing on NZD/JPY. Also, Kiwi bulls shrug off a slightly better RBNZ Q2 2-year inflation expectations reading, coming in at 1.64% versus 1.63%...
FxWirePro: USD/CNY hovers around 6.52, a sustain break above targets 6.55
May 17, 2016 06:20 am UTC| Technicals
USD/CNY is currently trading around 6.5203 marks. It made intraday high at 6.5238 and low at 6.5184 levels. Intraday bias remains bullish till the time pair holds key support at 6.4910 levels. A daily close...
May 17, 2016 05:56 am UTC| Technicals
Current price pattern whipsaws on 21DMA at pivot levels of 156.853. We dont think the prevailing price bounces sustain major resistance to reach even major resistance at 161.702 and 162.702 levels. Earlier also...
FxWirePro: Indian rupee gains against US dollar, intraday bias remains bearish
May 17, 2016 05:48 am UTC| Technicals
USD/INR is currently trading around 66.70. It made intraday high at 66.84 and low at 66.67 marks. Intraday bias remains bearish till the time pair holds key resistance at 66.91 marks. A daily close below...
FxWirePro: Gold faces strong support at $1270, good to buy at dips
May 17, 2016 05:21 am UTC| Technicals
Major support - $1270 (10 day EMA) The yellow metal has once again retreated after making a high of $1288. Gold has made a low of $1273 today at the time of writing and slightly recovered in Asian Session It is...
FxWirePro: NZD/USD deflates from 0.6840 levels on RBNZ inflation expectations
May 17, 2016 05:20 am UTC| Technicals
NZD/USD sold-off following the release of New Zealands RBNZ Q2 inflation expectations gauge. Kiwi bulls unimpressed by a slightly better RBNZ Q2 2-year inflation expectations reading, coming in at 1.64% versus 1.63%...
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