FxWirePro: AUD/USD consolidating around 0.7480 levels, outlook bullish
Mar 07, 2016 17:57 pm UTC| Technicals
AUD/USD inched higher to trade around 7 month high on Monday as strong gains in oil prices supported Aussie bulls. Much of the move in the Aussie dollar was due last weeks unexpected acceleration in fourth quarter...
FxWirePro: USD/CAD declines as oil prices rally, scope for further downside
Mar 07, 2016 15:34 pm UTC| Technicals
The USD/CAD pair slipped lower on Monday as crude oil prices rose. The pair hit high at 1.3374 before declining to trade around 1.3323 levels in the early US session. As long the pair trades below strong resistance...
FxWirePro: EUR/USD reverses recent rally, bias back to downside
Mar 07, 2016 14:53 pm UTC| Technicals
The EUR/USD pair traded in lower range today in the early European session hitting as low as 1.0937 before rebounding towards 1.0967 levels, further advance towards higher levels should be limited around 1.1050 levels as...

FxWirePro: BRICS currencies on verge of short gains - hedging perspectives (INR, CNY & ZAR)
Mar 07, 2016 13:07 pm UTC| Technicals
INR: The rupee appreciated for a 5th day to a seven-week high against the US dollar, as equities joined a global rally after upbeat US jobs numbers eased fears of a widespread economic slowdown. Some FIIs inflows also...
FxWirePro: BRICS currencies on verge of short gains - hedging perspectives (BRL & RUB)
Mar 07, 2016 13:02 pm UTC| Technicals
BRL: We believe Brazil is entering a regime of fiscal dominance, where an increase in real rates would elevate the governments interest payments and worsen debt dynamics. The central bank of Brazil left its benchmark...

Mar 07, 2016 12:37 pm UTC| Technicals
Major resistance - 1.4265 (trend line joining 1.46680 and 1.45780 and 200 day 4H MA) The pair has retreated after making a high of 1.4248. It is currently trading around 1.41930. Short term trend is slightly weak...

FxWirePro: CHF/JPY faces strong resistance at 115, good to sell on rallies
Mar 07, 2016 11:57 am UTC| Technicals
Major resistance - 115 Major support - 113.50 The pair has retreated after making a high of 114.87. It is currently trading around 113.55. Short term trend is slightly bearish as long as resistance 115...