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USD/CAD breaks major resistance 1.3380, targets 1.3450

Nov 23, 2015 06:25 am UTC| Technicals

Major trend reversal level- 1.3380 USD/CAD has broken major trend reversal level 1.3380 and break above confirms major bullishness, a jump till 1.3450/1.3500 is possible . Short term trend reversal can happen...

GBP/CAD struggles to break below 2.030, jump till 2.045 is possible

Nov 23, 2015 05:55 am UTC| Technicals

GBP/CAD has retreated till 2.02300 after making a high of 2.0360. Short term trend is still bullish as long as support 2.023 holds. On the higher side minor resistance is around 2.033 and break above targets...

FxWirePro: EUR/AUD could see retracement to 1.4400 levels, bearish setup intact

Nov 23, 2015 04:52 am UTC| Technicals

The Australian dollar held near four-month highs against a soggy euro as expectations of further easing by the ECB underpinned demand for carry trades. EUR/AUD dropped to 1.4696, its lowest since July, after shedding...

FxWirePro:EUR/USD trades lower on US Fed discount rate hike rumors, good to sell on rallies

Nov 23, 2015 04:04 am UTC| Technicals

US Fed to hold a discount rate meeting today. There is speculation that US Fed might hike discount rates by 75 bpbs. Discount rate is nothing but minimum interest rate set by US Fed for lending to other banks.The...

GBP/JPY trades below minor trend line support, targets 184.40

Nov 22, 2015 16:15 pm UTC| Technicals

Potential Reversal Zone (PRZ) - 187.30 (Trend line joining 184.30 and 185.99). The pair has broken trend line support previous week and closed well below that level. This confirms short trend reversal and a decline...

FxWirePro: USD/JPY key support at 122.62, buy deal are recommended around 122.65

Nov 20, 2015 17:48 pm UTC| Technicals

USD/JPY dropped towards 122.45 levels during mid-morning American hours. However the pair rebounded after finding support around 122.71 levels and is consolidating around 122.80 to reach higher levels. Support level...

FxWirePro: USD/CAD key support at 1.3265, buy deals are recommended above 1.3280

Nov 20, 2015 14:14 pm UTC| Technicals

USD/CAD slipped backwards towards 1.3282 levels after the release of Canadian CPI and retail data in the early US session. However, after finding minor support at 1.3281 levels, the pair has rebounded strongly to trade...

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