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FxWirePro: AUD/JPY faces strong trend line resistance around 86.35, good to sell on rallies

Sep 16, 2015 05:57 am UTC| Technicals

AUD/JPY has recovered till 86.11 yesterday and started to retreat from that level. Overall trend is still weak as long as trend line resistance 86.35 holds. On the downside minor trend line support is around 85.70 and any...

FxWirePro: GBP/AUD consolidates in narrow range , good to sell on rallies

Sep 16, 2015 05:25 am UTC| Technicals

GBP/AUD has made a high of 2.2108 and declined till 2.1500 from that level. It is currently trading at 2.170 The pairs minor resistance is around 2.200 and any break above would extend gains till 2.2200/2.2370. The pairs...

FxWirePro: EUR/USD struggles ahead of 1.31 handle, EZ CPI data in focus

Sep 16, 2015 04:37 am UTC| Technicals

USD broadly offered as market drifts on position adjustment ahead of FOMC supporting EUR/USD higher The dollar firmed in Asian trade on Wednesday, buoyed by a rise in U.S. yields after upbeat consumer spending data kept...

FxWirePro: Sell on rallies around 120.40-45 with SL around 120.80 for the TP of 119.80/119.40

Sep 16, 2015 03:17 am UTC| Technicals

USD/JPY is consolidating between 119.60 and 120.65 for the past two trading session on account of FOMC meeting which is to held on Sep 17th 2015. Any further movement can happen above or below this level. On the lower...

FxWirePro: USD/JPY key resistance at 120.63, bearish in the short term

Sep 15, 2015 16:00 pm UTC| Technicals

USD/JPY has rebounded strongly after hitting minor resistance level at 119.35 to reach levels at 120.18, however strong resistance can be seen at 120 40 levels and this area is set to act has strong barrier to the bulls....

FxWirePro: USD/CAD finds support at 1.3230, buy deals are recommended above 1.3235

Sep 15, 2015 14:02 pm UTC| Technicals

>USD/CAD made a short squeeze in the early US session after retail sales data was released, however gains were limited as the pair has turned back and is approaching support level at 1.3234. The pair is set to consolidate...

FxWirePro: GBP/USD key resistance at 1.5430, sell deals are recommended below 1.5415

Sep 15, 2015 13:18 pm UTC| Technicals

The GBP/USD pair has retreated from 1.5456 levels, after number of macro-economic data released earlier from European market, failed to infuse bullish momentum in the cable. The cable has broken strong support level at...

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