
Indonesian rupiah falls on interest rate cut fears
Feb 17, 2016 06:36 am UTC| Technicals
Pair is well supported above 13400 marks and recovers from fresh 3 month low at 13335 levels. It made intraday high at 13495 and low at 13395. BI is scheduled to release interest rate decision on its 17-18...

FxWirePro: AUD/NZD likely to test trendline resistance at 1.0895 - bulls stay long via debit spreads
Feb 17, 2016 06:22 am UTC| Technicals
Aussie dollar after 1st half of Februarys losing streak upto the bottom at 1.0570 that had begun from the formation of back to back shooting star patterns at peaks of 1.0927 and 1.0914 levels, it is now making an attempt...

Indian rupee at its weakest level since early September 2013, likely to fall further
Feb 17, 2016 05:56 am UTC| Technicals
The Indian rupee opened lower by 12 paise at 68.49 per dollar versus 68.37 Tuesday. It made intraday high at 68.66 and low at 68.39 levels. In addition, Indias benchmark index NSE Nifty was trading 0.40% lower to...

FxWirePro: Deploy diagonal straps to keep AUD/NZD's puzzling swings on check
Feb 17, 2016 05:56 am UTC| Technicals
As we expect the RBA to remain on hold for some time, but the RBNZ to ease again in March and June. Expected RBA vs RBNZ direction, plus strong MA flow into the AUD, favours AUD/NZD upside over the next few months to...

FxWirePro: USD/JPY rangebound, recovery stalls shy of 38.2% fib level
Feb 17, 2016 05:56 am UTC| Technicals
USD/JPY is trading rangebound on the day, with days high at 114.39 and lows at 113.59. The pairs recovery from multi-year lows at 110.96 (Feb 11th) stalled for now just shy of the 38.2% fib level of 121.68 -110.96...

CAD/JPY breaks major trend line support at 82.25, decline till 80.85 is possible
Feb 17, 2016 05:29 am UTC| Technicals
Major support -82.25 (trend line joining 79.27 and 79.79) The pair has broken major support 82.25 and declined till 81. term trend is slightly weak as long as resistance 82.70 holds. Any break above 82.70 will...

FxWirePro: AUD/NZD eyes 200-DMA at 1.0917, good to buy dips
Feb 17, 2016 05:20 am UTC| Technicals
AUD/NZD extends upside to close above daily cloud in yesterdays trade, cloud now offers strong support on the downside. Daily charts show a bullish 5 and 10 day moving average crossover, and momentum is with the...