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EUR/USD breaks major resistance 1.1465, jump till 1.1600 is possible

May 02, 2016 05:31 am UTC| Technicals

Major resistance- 1.14650 (Apr 12th 2016) Major Support 1.1370 Euro has broken major resistance 1.14650 and jumped till 1.14811 at the time writing. It is currently trading around 1.14670. Short term trend...

FxWirePro: NZD/USD on track to test channel top at 0.7085, good to buy dips

May 02, 2016 05:24 am UTC| Technicals

NZD/USD extending upside in a continuation of the January bullish channel and recovery from 2016 lows at 0.6347. RBNZ staying put and catching the market out yet again with a short squeeze from just above the 0.68...

FX Hedging Strategy Series

FxWirePro: Bullion begins month with negligible losses at 15-month highs but trend bullish bias

May 02, 2016 05:21 am UTC| Technicals

Technical Inference: Yellow metal seems to have taken a halt in previous upswings at 1296.54 levels which is a fresh 15-months highs (see red colored circle). The precious metal has been bouncing consecutively...

FxWirePro: USD/INR breaks key support at 66.32, good to sell on rallies

May 02, 2016 04:40 am UTC| Technicals

USD/INR is currently trading at 66.32 marks. It made intraday high at 66.41 and low at 66.32 levels. Intraday bias remains bearish for the moment. A daily close below 66.32 will take the parity down around...

FxWirePro: USD/JPY recovers slightly from fresh 18-month lows at 106.13, good to sell rallies

May 02, 2016 04:39 am UTC| Technicals

JPY bulls took a breather from their recent upsurge, USD/JPY is attempting a slight recovery from fresh 18-month lows at 106.13. Sluggish manufacturing activity reports from China released over the weekend weighed...

FxWirePro: AUD/USD struggles at 0.76 handle, weak business confidence weighs

May 02, 2016 04:00 am UTC| Technicals

Poor NAB business confidence data weighs on the Aussie, AUD/USD hit session lows at 0.7592. The National Australia Bank (NAB) Business Confidence business conditions came in at 5 (prior 6) and 9 (prior 12)...

FxWirePro: USD/SGD hovers around key support at 1.3420, intraday bias remains neutral

May 02, 2016 03:14 am UTC| Technicals

USD/SGD is currently trading around 1.3432 marks. It made intraday high at 1.3455 and low at 1.3424 levels. Intraday bias remains neutral till the time pair holds initial support at 1.3420 levels. A daily...

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