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AUD/CHF breaks major trend line support 0.7130, decline till 0.7000/0.6900 is possible

Jun 10, 2016 08:23 am UTC| Technicals

Major resistance- 0.7220 (90 EMA) Major support - 0.7130 (trend line joining 0.7058 and 0.0.7085) The pair has broken major support 0.7130 and declined till 0.7124 at the time of writing. It is currently trading...

FxWirePro: EUR/USD faces strong support at 100 HMA, good to buy at dips

Jun 10, 2016 08:21 am UTC| Technicals

Minor resistance- 1.13050 (hourly Tenken-Sen) Major support 1.12700 (200 HMA) EUR/USD has slightly recovered after making a low of 1.12897. It is currently trading around 1.13020. On the higher side any...

FxWirePro: Korean won gains but capped up to 1150 - Why do you have to be sceptic on KRW further appreciation?

Jun 10, 2016 08:10 am UTC| Technicals Insights & Views

Technically, USDKRW takes support at 1152.32 levels cushioned by BoKs unexpected rate cut event. The duos (leading indicators) that signal momentum in Bull Run is converging ongoing price rallies (observe daily chart...

FxWirePro: EUR/JPY holds strong trendline support at 120.70, good to go short on close below

Jun 10, 2016 07:44 am UTC| Technicals

EUR/JPY is attempting recovery from new 3-year lows of 120.32 hit on Thursday. Trend is lower. Pair unable to hold gains above the 121 handle as bid tone around the Japanese currency increases. A falling wedge...

FxWirePro: EUR/SEK hits fresh weekly high at 9.2768, faces strong resistance at 9.2822

Jun 10, 2016 07:28 am UTC| Technicals

EUR/SEK is currently trading around 9.2707 levels. It made intraday high at 9.2768 and low at 9.2425 levels. Intraday bias remains bullish till the time pair holds key support at 9.2389 marks. A daily close...

FxWirePro: EUR/GBP trades a narrow range ahead of UK construction output data

Jun 10, 2016 07:10 am UTC| Technicals

EUR/GBP faces strong resistance at 78.75 levels (falling trendline). The pair is trading a narrow range on the day as markets await UK construction data due later in the EU session. Upside capped by 5-DMA at...

FxWirePro: Gold remains well supported below $1,270, UoM consumer sentiment data in focus

Jun 10, 2016 06:54 am UTC| Technicals

XAU/USD is currently trading around $1265 marks. It made intraday high at $1269 and low at $1264 marks. Intraday bias remains bullish till the time pair holds key support at $1255 marks. A sustained break...

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