AUD/USD moving higher on short covering
Mar 03, 2016 02:39 am UTC| Technicals
Resistance found at the Dec 31 high at 0.7328 with break targeting 0.7380/90 For AUD/USD to maintain upward momentum - 200-day MA (0.7256) should hold...

USOIL breaks major resistance $34.80, targets $40
Mar 03, 2016 02:33 am UTC| Technicals
Major resistance - $34.80 USOIL has broken major resistance $34.80 and jumped till $35.11. It is currently trading around $34.77. Short term trend is bullish as long as support $33.30 (trend line joining $26.03 and...
AUD/USD break above 200-day MA at 0.7258; signal l-t downtrend
Mar 02, 2016 23:45 pm UTC| Technicals
Pair break 200-day MA first time since Sep 2014. Iron ore closed above the 200-day MA yesterday for the first time since Jan 2014 Buying dips in the AUD/USD recommended rather than selling...

FxWirePro: USD/JPY remains bullish above 55-day moving average
Mar 02, 2016 19:34 pm UTC| Technicals
The USD/JPY declined on Wednesday as demand for safe heaven Japanese yen increased on concerns over US economic growth. The pair edged higher in the European session, to hit high at 114.55 before slipping back...
FxWirePro: EURUSD runs out of steam, bearish in the short term
Mar 02, 2016 18:03 pm UTC| Technicals
The EUR/USD pair has declined towards lower levels on Wednesday as the US dollar gained strength across the board after ADP Employment data printed positive figures.The pair fell down to hit low at 1.0825 and has been...

FxWirePro: USD/CAD heads southwards as crude oil prices rebound
Mar 02, 2016 17:17 pm UTC| Technicals
Canadian dollar firmed against US dollar on Wednesday, after Canadian dollar gathered some momentum after crude oil price rebounded erasing a brief dip after data showed huge build in US crude stockpiles. The...
Mar 02, 2016 15:44 pm UTC| Technicals
The yellow metal traded higher on Wednesday as world equities turned lower after oil prices declined, shrugging off a steadier dollar following better than expected US factory output. The yellow metal declined...