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FxWirePro: Malaysian ringgit hits fresh 7 –month high against US dollar, intraday bias remains bearish

Mar 30, 2016 05:44 am UTC| Technicals

Pair is currently trading around 3.9420 marks. It made intraday high at 3.9955 and low at 3.9400 levels. Intraday bias remains bearish till the time pair holds key resistance at 4.0086. A sustained break...

FxWirePro: GBP/JPY struggles to break above 162.50, good to sell on rallies

Mar 30, 2016 05:23 am UTC| Technicals

Major resistance - 162.50 (7 day W EMA) Minor support - 161.30 Major support 160.60 (200 day 4 HMA) The pair has retreated after making a high of 162.50. It is currently trading around 161.65. Short...

FxWirePro: USD/JPY breaks trendline support at 112.95, good to sell rallies

Mar 30, 2016 05:02 am UTC| Technicals

USD/JPY has been sold off heavily overnight on a broad based run on the greenback after Yellens speech. The pair broke strong trendline support at 112.95 and has edged lower to hit session lows at 112.40 on the...

FxWirePro: EUR/GBP largely rangebound, markets await eurozone sentiment index and consumer confidence data

Mar 30, 2016 04:34 am UTC| Technicals

Brexit risks will keep GBP weak vs its peers. Also, as the domestic economy has lost some momentum the BoE is likely to remain on hold until Q4. Three-month implied volatility gauge rose to almost six-year high last...

FxWirePro: Indian rupee continues to add strength against US dollar, intraday bias remains bearish

Mar 30, 2016 04:25 am UTC| Technicals

USD/INR is currently trading at 66.40 marks. It made intraday high at 66.50 and low at 66.38 levels. Intraday bias remains bearish for the moment. A daily close below 66.35 will drag the parity down towards...

FxWirePro: EUR/JPY struggles at 127 handle, good to sell rallies

Mar 30, 2016 04:08 am UTC| Technicals

EUR/JPY struggles to extend gains beyond strong trendline resistance at 127.25, has slipped lower to currently trade at 127 levels. Pair is struggling to hold above 127 handle, weakness in the pair below 127 levels,...

FxWirePro: USD/SGD fails to fall below key support at 1.3525, good to buy on dips

Mar 30, 2016 03:30 am UTC| Technicals

USD/SGD is currently trading around 1.3552 marks. It made intraday high at 1.3584 and low at 1.3525 levels. Intraday bias remains bullish till the time pair holds key support at 1.3525 levels. A daily close...

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