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FxWirePro: Strong resistance for AUD/USD at 0.7250, good to go long on breaks above

Feb 23, 2016 06:56 am UTC| Technicals

AUD/USD has broken strong resistance at 0.72 levels, upside on the day seen capped at 0.7243. The pair faces strong resistance at 0.7245-0.7250 levels, breaks above 0.7250 could take the pair higher to 0.7283 and...

EUR/USD faces strong support around 1.1000, break below targets 1.0825

Feb 23, 2016 06:33 am UTC| Technicals

Major support -1.1000 (200 day 4 HMA) Major resistance - 1.10550 (support turned into resistance) The pair has made a low of 1.1003 yesterday and recovered from that level. It is currently trading around...

Call update - Targets hit, book profits on AUD/USD, further upside only on breaks above 0.7250

Feb 23, 2016 06:07 am UTC| Technicals

Our AUD/USD call (http://www.econotimes.com/FxWirePro-AUD-USD-rejected-at-session-lows-good-to-buy-dips-164678) has hit all targets. Book full profits and exit trade. The pair faces strong resistance upto 0.7250 levels,...

FxWirePro: GBP/USD faces major resistance around 1.4190, good to sell on rallies

Feb 23, 2016 06:06 am UTC| Technicals

Major resistance - 1.4190 Cable has made a low of 1.40573 and slightly recovered till 1.41678 from that level. It is currently trading around 1.41228. Short term trend is still weak as long as resistance 1.4190...

Gold faces strong resistance around $1223, break above targets $1240/$1260

Feb 23, 2016 05:44 am UTC| Technicals

Major resistance - $1223 (trend line joining $1239 and $1232.90) Major support - $1207 (55 day 4H EMA) Gold has recovered after making a low of $1201.80. It is currently trading around $1220.65. On the higher side it is...

Call update: EUR/JPY breaks below 125, hits fresh multi-year lows at 123.69, stay short

Feb 23, 2016 04:52 am UTC| Technicals

EUR/JPY has broken below strong channel base support at 125 levels, to extend downside. The pair has tested multi-year lows at 123.69, levels last seen in Apr 2013, further weakness likely. In what appears to be...

FxWirePro: USD/JPY breaks support at 112.45, good to sell rallies

Feb 23, 2016 04:02 am UTC| Technicals

Risk-off favouring the Japanese Yen, the pair has broken support at 112.45 and edged lower. CFTC data shows increase in Yen longs amid global uncertainty in the markets. Price action holding just above 112 handle, breaks...

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