Gold remains well supported above $1260, good to buy on dips
Mar 18, 2016 05:59 am UTC| Technicals
XAU/USD is currently trading around $1263. It made intraday high at $1266 and low at $1256 levels. Intraday bias remains slightly bullish till the time pair holds key support at $1248 marks. Alternatively,...
Mar 18, 2016 05:54 am UTC| Technicals
AUD/USD rejected at channel top resistance, drop to 0.7587 likely. Significant gains in commodities and a broadly weak Greenback supported upside in AUD/USD. The pair largely ignored weak Jobs data and has hit...

FxWirePro: Talks of BoJ in the markets, USD/JPY bounces 40 pips off lows
Mar 18, 2016 05:51 am UTC| Technicals
Declines in USD/JPY have been too heavy, the BOJ may be trying to slow down the current pace of Yen appreciation. USD/JPY sees a sudden 40 pips bounce off lows, from 110.89 to 111.29 levels. The pair is...

FxWirePro:USD/CHF faces strong support at 0.9600, good to buy at dips
Mar 18, 2016 05:47 am UTC| Technicals
Major support 0.9600 (trend line joining 0.90719 and 0.9156) The pair has made a low of 0.96510 and slightly recovered from that level. It is currently trading around 0.9670. USD/CHF major support is around...
FxWirePro: NZD/USD breaks strong resistance at 0.6850, good to go long on close above, target 0.6925
Mar 18, 2016 05:09 am UTC| Technicals
Broad based weakness in US Dollar and rising commodities buoying the Kiwi. The pair has broken strong resistance at 0.6850 on the day, but has pared some gains to currently trade at 0.6836 levels. Close above...

Indian rupee erases previous gain against US dollar, intraday bias remains neutral
Mar 18, 2016 04:21 am UTC| Technicals
USD/INR is currently trading at 66.5850 marks. It made intraday high at 66.62 and low at 66.55 levels. Intraday bias remains neutral for the moment. A daily close below 66.46 will take the parity back around...

Mar 18, 2016 04:05 am UTC| Technicals
Significant gains in commodities and a broadly weak Greenback supports upside in AUD/USD. The pair has hit session highs at 0.7680, breaking above resistance at 0.7648 (Double top Apr 14th and July 3rd). The...