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USD/CHF breaks minor trend line resistance at 0.9540, jump till 0.9640 is possible

Oct 19, 2015 06:11 am UTC| Technicals

USD/CHF has broken trend line resistance 0.9540 (trend line joining 0.9736 and 0.9645) and this confirms short term bullishness, a jump till 0.9650 cannot be ruled out. On the downside major weakness can be seen only...

EUR/AUD faces strong trend line resistance at 1.5725, targets 1.5490

Oct 19, 2015 05:37 am UTC| Technicals

EUR/AUD has made a high of 1.5707 today and slightly retreating from that level. It is currently trading at 1.5645. EUR/AUD is facing strong trend line resistance around 1.5705 (trend line joining 1.6145 and 1.5820) and...

FxWirePro: USD/JPY rejected at 119.61, good to sell rallies

Oct 19, 2015 05:16 am UTC| Technicals

The Greenback stronger on mounting speculations of a Fed hike before the end of the year after US CPI beats expectation Better than expected China GDP data boosts risk appetite, further buoying the Greenback China GDP...

FxWirePro: AUD/USD settles back after the knee jerk reaction to upbeat Chinese data

Oct 19, 2015 04:23 am UTC| Technicals

Better than expected China GDP data boosted the Aussie which saw a 45 pip knee jerk rally Chinas GDP data came in at 6.9% Y/Y beating expectations of 6.8%, but below the previous of 7% Y/Y AUD/USD was trading around...

FxWirePro: USD/JPY faces major resistance around 119.70,good to buy at dips

Oct 19, 2015 03:37 am UTC| Technicals

USD/JPY has recovered after making a low of 118 on Thrusday and is currently trading at 119.54. The pair is facing major trend line resistance at 119.70 (trend line joining 121.22 and 120.56) and any break above target...

FxWirePro: USD/JPY faces major resistance around 119.70,good to buy at dips

Oct 19, 2015 03:37 am UTC| Technicals

USD/JPY has recovered after making a low of 118 on Thrusday and is currently trading at 119.54. The pair is facing major trend line resistance at 119.70 (trend line joining 121.22 and 120.56) and any break above target...

Loonie trades well above trend line resistance, targets 1.2980

Oct 19, 2015 02:58 am UTC| Technicals

USD/CAD has made a high if 1.2939 on Friday and is currently trading at 1.2927. Loonie has broken major short term trend line resistance around 1.2902 (trend line joining 1.3080 and 1.3015) and this confirms short term...

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