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FxWirePro: Sell GBP/CAD on rallies around 2.0530-35 with SL around 2.0600 for the TP of 2.025

Aug 27, 2015 07:18 am UTC| Technicals

GBP/CAD has broken short term trend line support 2.0540 (trend line joining 1.9520 and 2.02490) and any break targets 2.0350/2.02490. On the higher side minor resistance is around 2.060 and break above targets...

FxWirePro: USD/JPY below 120 handle, awaits US Q2 GDP results for direction

Aug 27, 2015 06:43 am UTC| Technicals

The yen nursed losses against the dollar on Thursday, pulling USD/JPY up 0.1 percent to 120.03 Gains in Chinese equities helped underpin risk sentiment and dampened demand for the safe haven Japanese currency The major...

FxWirePro: AUD/JPY consolidates in narrow range, good to sell on rallies

Aug 27, 2015 06:02 am UTC| Technicals

AUD/JPY has made a low of 81.89 on Monday and recovered till 87.15. Overall trend is weak as long as resistance 87.35 holds. Any break above 87.35 will take the pair to next target at 88.14/88.59. On the downside...

FxWirePro: NZD/USD edges higher, return of risk-sentiment weighs on USD

Aug 27, 2015 05:55 am UTC| Technicals

Antipodeans on a firmer footing on Thursday on return of risk-sentiment after China stocks rallied along with other Asian indices. The New Zealand dollar rose to $0.6471 levels, from $0.6430 early, recovering from a...

FxWirePro: Loonie faces strong resistance around 1.3350, good to sell on rallies

Aug 27, 2015 05:28 am UTC| Technicals

Harmonic pattern formed- Bullish BAT pattern Potential Reversal Zone( PRZ)- 1.3355 Loonie has made a high of 1.3352 on Tuesday and declined till 1.2850 from that level. It has almost formed a double top around 1.335...

USD/JPY faces strong resistance at 120.4,break above targets 121

Aug 27, 2015 02:19 am UTC| Technicals

USD/JPY has recovered after making a low of 118.78 yesterday. It is trading slightly above short term resistance further upmove can be seen only above 120.40 (25th Aug high). Any break above 120.40 would extend gains...

FxWirePro: USD/CAD key support at 1.3277, upside prevails in the short term

Aug 26, 2015 16:04 pm UTC| Technicals

USD/CAD has bounced after hitting support level at 1.3277 and is approaching to test resistance level at 1.3305. The support levels at 1.3277 is set to hold the bears and push the pair upwards, as the US dollar has...

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Technology

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