
Apr 28, 2016 06:43 am UTC| Technicals
Bears needed 2 days trading sessions enough to wipe off 2 weeks of gains: The pair after rejecting resistance at 86.368 levels, it was so easy for bears to resume their business. In recent past, we had seen a Long...

FxWirePro: Sugar trades weak after Brazil record cane crush, good to sell on rallies
Apr 28, 2016 06:38 am UTC| Technicals
Major resistance - $16.10 Major support - $15.65 (7 day EMA) Sugar has declined more than 2% yesterday after cane data from top grower Brazil showed a record cane crush at the high end of expectations for the...

FxWirePro: EUR/AUD capped below 1.50 handle, upside only on breaks above
Apr 28, 2016 06:23 am UTC| Technicals
EUR/AUD has broken strong trendline resistance at 1.4835 on Wednesdays trade. Upside has been capped below the 1.50 handle, pair struggling to extend gains above. Daily cloud currently spanning 1.4982 to 1.5359...

Apr 28, 2016 06:18 am UTC| Technicals
USD/RUB is currently trading around 65.03 levels. It made intraday high at 65.37and low at 65.00 levels. Intraday bias remains neutral till the time pair holds key support at 64.98 levels. Alternatively,...

FxWirePro: Gold turns higher during Asian hours, good to buy on dips
Apr 28, 2016 05:53 am UTC| Technicals
XAU/USD is currently trading around $1248 mark. It made intraday high at $1250 and low at $1237 levels. Intraday bias remains bullish till the time pair holds immediate support at $1239 marks. A sustained...

FxWirePro: Silver faces strong resistance at $17.75, good to buy at dips
Apr 28, 2016 05:38 am UTC| Technicals
Major resistance- $17.75 (May 15th 2015) Silver has made a high of $17.67 and slightly declined from that level .it is currently trading around $17.23. Short term trend is bullish as long as support $16.85 (Daily...

FxWirePro: NZD/USD breaks above 50% Fib at 0.6930, targets 0.6960
Apr 28, 2016 05:31 am UTC| Technicals
RBNZ kept rates on hold at a record low of 2.25%, as widely expected, and talked down the NZD levels, while adding that the policy is likely to remain accommodative. The bird defied a dovish RBNZ, caught a strong...