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USD/JPY slips sharply from session highs, has strong support at 122.30, good to buy dips around 122.70

Dec 01, 2015 03:42 am UTC| Technicals

Risk-on rally in the Asian equities on the back of upbeat Caixin Chinas manufacturing survey failed to support USD, which corrected lower across the board Profit taking was seen after the US dollar index faced...

FxWirePro:Cable forms bearish Shark pattern, good to buy at dips

Dec 01, 2015 03:22 am UTC| Technicals

Harmonic Pattern - Bearish Shark pattern Potential Reversal Zone (PRZ) - 1.4980 The cable has made a low of 1.49935 and recovered from that level . It is currently trading at 1.50918. The pair has broken major...

Explainer: how Uber and Airbnb are reducing their Australian tax bill

Dec 01, 2015 00:12 am UTC| Business Technicals

The current international tax regime was developed in the last century when the internet was not yet invented. At that time, a foreign company would typically require a substantial physical presence in Australia before it...

FxWirePro: USD/CAD key support at 1.3280, buy deals are recommended above 1.3300

Nov 30, 2015 16:40 pm UTC| Technicals

USD/CAD slipped backwards towards 1.3215 levels after the release of Canadian current account index in the early US session. However, decline is expected to be limited around 1.3280 levels as the pair is likely to find...

FxWirePro: GBP/USD key resistance at 1.5191, sell deals are recommended below 1.5120

Nov 30, 2015 15:11 pm UTC| Technicals

The cable has jumped towards 1.5052 levels, after finding support level at 1.4995. However, the pair is set flatter further towards 1.4900 levels in the short term, as there is strong bearish momentum below 1.5200...

FxWirePro: USD/CHF key support at 1.0240, bullish in the short term

Nov 30, 2015 14:44 pm UTC| Technicals

The USD/CHF pair rallied from 0.9709 to test minor resistance level at 1.0321 in the early European session. However, after failing to break resistance level at 1.0321, the pair has turned back towards 1.0287 support...

FX Hedging Strategy Series

FxWirePro: EUR/AUD retraced 61.8% fibo levels – volumes confirm more dips on cards

Nov 30, 2015 13:34 pm UTC| Technicals

The pair in retracement mood: It has retraced more than 61.8% at 1.4774 last week, we began this week with day high rejection at 1.4756. The above retracement has been achieved after the formation of Gravestone doji...

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