
Jan 12, 2016 07:49 am UTC| Technicals
In response to the tumble in crude prices the options market shows an interesting disruption, while the correlation between oil and CAD is ultra strong. The New Year series has been subdued for CAD: on the back foot...

Jan 12, 2016 06:56 am UTC| Technicals
The break out of baseline on rising wedge evidences bearish swings to drop below 21DMA, the pair is currently rejected a crucial resistance at around 82.620 levels, it seems unable to breach that level. This APAC pair...

FxWirePro: Strong support for AUD/NZD at 0.0565, weakness only on breaks below, good to long dips
Jan 12, 2016 06:39 am UTC| Technicals
0.0565/75 is a strong support zone for AUD/NZD, the pair has tests this region multiple times and edged higher. We would see weakness only on a decisive break below, test of 1.0496 (Oct 30 lows) then likely. The...
Canadian dollar at 12-1/2 year lows on free fall Oil prices
Jan 12, 2016 06:00 am UTC| Technicals
Loonie was down 0.34% trading at C$1.4241against the greenback, after hitting the intraday low of C$1.4247 - a level last seen in May 2003. Oil prices remain the primary risk for CAD, as both WTI and Brent flirt with...

FxWirePro: EUR/GBP trades a rising channel, to extend consolidation this week before next leg higher
Jan 12, 2016 05:50 am UTC| Technicals
EUR/GBP trades a rising channel, the pair is likely to extend consolidation before it resumes uptrend. A flag pattern is observed on daily charts, RSI strength seen on daily and weekly charts, with scope to run...

Jan 12, 2016 05:46 am UTC| Technicals
NZD continues to trade well - in trade-weighted terms, it is at a 6m high. The RBNZ may have cut rates early in December but it also hinted the easing cycle may be over and that turned what ordinarily would be a currency...

FxWirePro: AUD/USD rangebound, good to buy dips around 0.6975
Jan 12, 2016 04:32 am UTC| Technicals
AUD/USD trades in a tight 30 pip range on the day, with a high of 0.7004 and low of 0.6975. The pair has strong support at 0.6920/30 range, Doji was formed in Mondays trade and the pair held trendline support to...
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