FxWirePro: USD/CAD pauses decline, downside risk remains
Apr 20, 2016 13:27 pm UTC| Technicals
The USD/CAD pair continued its decline on Wednesday, as the Canadian dollar gained strength as the prices of oil gained further ground. The pair recovered up to 1.2730 levels in the Asian session, but fell back as...

Apr 20, 2016 12:45 pm UTC| Technicals
Major resistance 114 Major support 113 The pair has made a high of 113.98 and declined from that level. It is currently trading at 113.65. Short term trend is slightly bullish as long as support 112.80...

Apr 20, 2016 12:31 pm UTC| Technicals Insights & Views
Breaks resistance at 1.4385 levels but sustenance is questionable, but dont jump into conclusion wait for confirmation. But for now, the bulls seem to be exhausted on minor resistance at 1.4385. Day highs were also...

FxWirePro: CHF/JPY faces strong support at 112.80, good to buy at dips
Apr 20, 2016 11:50 am UTC| Technicals
Major resistance 114 Major support 113 The pair has made a high of 113.98 and declined from that level. It is currently trading at 113.65. Short term trend is slightly bullish as long as support 112.80...
FxWirePro: Should we see Sterling further breakdown – FX swaps strategies
Apr 20, 2016 11:32 am UTC| Technicals Commentary
Weve shifted back to the top of the recent range as UKs claimant count change and unemployment data announced today, Change in the number of people claiming unemployment remained at 6.7K -related benefits during the...

FxWirePro: AUD/JPY rejected at session lows, finds strong support at 84.60
Apr 20, 2016 10:52 am UTC| Technicals
AUD/JPY finds strong support by 5-DMA at 84.60, pair has held support and edged higher to currently trade at 85.28. Technicals on daily charts point to furher gains. Pair on track to test next hurdle at 85.87 (double...

Cable breaks major trend line resistance, targets 1.4500 24 mins
Apr 20, 2016 10:16 am UTC| Technicals
Major resistance - 1.4370 (trend line resistance 1.45145 and 1.44590) Cable breaks major resistance yesterday and closed well above that level. It is currently trading around 1.4400. Minor trend is slightly...