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USD/CAD likely to find support above $1.4100 levels

Jan 27, 2016 06:33 am UTC| Technicals

The pull back from 1.4689 resumed after brief recovery and intraday bias is back on the downside. 1.4689 short terms top are viewed as a consolidative pattern. Downside to be contained by 1.40/1.3815 support...

FxWirePro: AUD/JPY holds crucial resistance at 83.495 – short term opportunities for bulls but bearish trend may resume in medium term

Jan 27, 2016 06:19 am UTC| Technicals

This APAC pair is most likely to retest resistance (at 83.495 region) on daily charts, you can figure out from the chart that the red circled areas served as the strong supply levels for this pair couple of times in the...

NZD/USD slips below $0.65 mark, FOMC and RBNZ statements in focus

Jan 27, 2016 05:41 am UTC| Technicals

Pair is currently trading at $0.6483 levels, made intraday high at $0.6516 and low at $0.6474. The long awaited meeting of RBNZ is widely expected to bring no change to the record low interest rates, but the tone and...

GBP/USD trades well above 1.4300, jump till 1.4500 is possible

Jan 27, 2016 05:40 am UTC| Technicals

Cable made a low of 1.4170 yesterday and started to recover from that level. It is currently trading around 1.43466. The pair has broken major resistance 1.4270 (tenken-Sen) and jumped till 1.43670. On the top...

FxWirePro: Downside bias for EUR/JPY builds, sell rallies around 128.50

Jan 27, 2016 05:18 am UTC| Technicals

EUR/JPY extends range trade between 128.75/35, the pair has been trading a falling wedge pattern, and scope builds for further downside. We see Stochs have approached overbought territory on daily charts and have...

XAU/USD intraday outlook

Jan 27, 2016 04:44 am UTC| Technicals

Pair is just supported below major resistance level at $1122 level. It is currently trading at $1120 levels and made intraday low at $1118 levels. Downside correction is expected below $1122 levels. If pair...

FxWirePro: AUD/JPY faces strong resistance at 83.35, good to sell rallies

Jan 27, 2016 04:14 am UTC| Technicals

Upbeat Australian Q4 2015 CPI data will likely make the case for further RBA cuts more difficult to defend, a positive for the Aussie. Upbeat Q4 CPI data, which came in at 0.4% q/q above expectations for 0.1% rise...

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