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EUR/NZD faces strong resistance at 1.6460, break above targets 1.6600

Oct 29, 2015 06:37 am UTC| Technicals

Potential Reversal Zone (PRZ) -1.6460 (Trend line resistance joining 1.6945 and 1.69155) Any break above 1.6460 will take the pair to next level to 1.6520/1.6600 level. On the downside minor support is around...

FxWirePro: GBP/JPY forms bearish BAT pattern, good to buy at dips

Oct 29, 2015 05:37 am UTC| Technicals

Harmonic Pattern formed - Bullish Cypher pattern (Long term) Harmonic pattern formed- Bearish BAT pattern (Short term) Potential Reversal Zone (PRZ)- 183.50 Any break above 186.30 will take the pair to...

FxWirePro: EUR/JPY hits fresh multi-month lows at 131.58, German data in focus

Oct 29, 2015 05:31 am UTC| Technicals

EUR/JPY has recovered slightly from fresh multi-month lows at 131.58 hit earlier in the Asian session. The pair is extending weakness after breaking below strong trendline support at 133.29 Heading into the...

AUD/USD trades tight range after overnight FOMC sell-off, trend still bearish (Calls Updated)

Oct 29, 2015 04:54 am UTC| Technicals

Antipodean currencies had slumped overnight after the Fed kept alive expectations that it might still raise interest rates by year-end AUD/USD slumped over 1 percent on Wednesday, to hit three-week lows at 0.7080, is down...

FxWirePro: Kiwi trades lower after FOMC and RBNZ policy meeting , good to sell on rallies

Oct 29, 2015 04:07 am UTC| Technicals

NZD/USD has made a low of 0.6625 after hawkish FOMC meeting. US Fed has kept its interest rate on hold in meeting held on Oct 27-28th. But they have increased likehood of Fed rate hike in Dec by removing previous...

FxWirePro: NZD/USD recovery capped by 20-DMA at 0.6695, good to sell rallies

Oct 29, 2015 03:51 am UTC| Technicals

NZD/USD recovered from lows on the 0.66 handle hit post RBNZ, but gains were capped by 20 DMA at 0.6695 RBNZ refraining from cutting rates just yet, but noted that concerns remain about the prospects forslower growth...

FxWirePro: JPY bulls back in control after upbeat IP data, good to sell USD/JPY rallies

Oct 29, 2015 03:26 am UTC| Technicals

JPY bulls fought back control after Wednesdays less dovish FOMC renewed expectations for a US rate lift-off in December and lifted USD higher. USD spiked to almost three-month highs against its major peers on...

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