
AUD/NZD trends towards resistance around 1.0800
May 12, 2015 05:34 am UTC| Technicals
Australia budget mostly leaked, unlikely to impact RBNZs Wheeler speech, QA tomorrow morning will be interesting Market will be looking for clues on the degree of dovish intentions 5, 10 20 dmas track ...
USD/JPY is facing resistance around 120.50, good to buy at declines
May 12, 2015 05:14 am UTC| Technicals
RES4 122.01 (Mar 10th High) RES 2 :121.18 RES 2 120.80 (13th Apr high) RES1:120.50 (May 5th high) PRICE: 120.18 @ 05:02GMT SUP1: 119.75 (200 day HMA) SUP 2: 119.19 (May 6th low) SUP 3 118.48...
USD/JPY moving cautiously higher
May 12, 2015 04:05 am UTC| Technicals
More stops at 120.55, 120.85, 121.00, 120.51 and 120.84 Option expiries at 120.85-121.00, total 570 mln, more headwind Some Japan importer bids upped to just below 120.00, 119.50...

EUR/GBP tight range in Asia - opened -1.25%, as post election GBP strength extends
May 12, 2015 03:24 am UTC| Technicals
Cameron set to renegotiate EU deal - some positive signs Close below 0.7125 would target 0.7014 2015 trend low in March Initial support/resistance are seen at 0.7141, 0.7185...

USD/CAD in tight range in early Asia
May 12, 2015 02:43 am UTC| Technicals
Recent consolidation above 1.1940 double bottom turned technicals neutral Momentum studies flat line, 5 10 dmas base, 20 dma falls - mixed signals Initial resistance is seen at 1.2137, 1.2280 38.2%...
AUD/USD moving higher as RBNZ in focus
May 12, 2015 02:34 am UTC| Technicals
Long awaited bounce in NZD/USD helping to give AUD/USD a lift Pair bids ahead of yesterdays 0.7876 low discouraging attempts lower Resistance is seen at 0.7922 with break targeting...
Probability of EUR/GBP drop to 0.70 increasing
May 11, 2015 14:53 pm UTC| Technicals
GBP continues to rise after UK election fog lifts, probability of EUR/GBP drop to 0.70 is rising Relatively hawkish BoE Inflation Report expected Wed, BoE on course to hike in 2016 0.7143 (1.40 in GBP/EUR) 0.7118 (Apr...