USD/CNH longs seen back in trend
Mar 20, 2015 09:44 am UTC| Technicals
Pair bounces after a look below 6.2000 Downward move lost strength as soon as targeted stops were triggered Fresh speculator demand seen ahead 200-DMA 6.1900 (6.1953 low) Pair trades close to 0.6% ...
USD/CAD sees scope to 1.28 if Canada data below forecast
Mar 20, 2015 09:40 am UTC| Technicals
CAD could fall if Canada data weaker than expected at 1230GMT Feb CPI consensus +0.7% m/m, +1.0% y/y. Core CPI consensus +0.5% m/m, +2.1% y/y Retail sales consensus-0.7%in Jan to follow 2.0% fall in...

Spot USD/CAD underpinned by cloud
Mar 20, 2015 09:19 am UTC| Technicals
Spot obtained support ahead of the Ichimoku cloud on Wed Inability to close below 1.2535 suggests bullish setup 1.2535 is 23.6% retrace of the 1.1565 to 1.2835 up-leg Traders to get long at 1.2620 ...

NZD/USD - Long active but modest resist seen
Mar 20, 2015 09:12 am UTC| Technicals
Broke below cloud but sustains above yesterdays 0.7373 low which keeps longs active Ample resistance in lower 0.7500s to cap gains so caution prevails Target is at 0.7525, above the cloud top at...

EUR/CHF weighed by downticking 21 DMA
Mar 20, 2015 08:55 am UTC| Technicals
Pair still under pressure nearing yesterdays 1.0530 lows Yesterdays fall halted ahead of the pullback low from Mar 13 at 1.0518 Offer lowered in sync with downticking 21 DMA at 1.0676 Breach of 1.0500...

USD/JPY - Large 121.00 strike likely to attract
Mar 20, 2015 08:36 am UTC| Technicals
3.7B worth of 121.00 NY cut expiries expected to attract in early NY trading Mix of offers stops seen above 121.00; bids seen at 120.50 while offers are in size at 121.25 Hourly hammer seen late Wed continuing...
EUR/USD sees little interest inside 1.06-1.07
Mar 20, 2015 08:26 am UTC| Technicals
No real EUR/USD interest seen in 1.06-1.07 range, very little will to be long of euros Top-picking seen at 1.0700 level, the more expected speculator strategy Real money offers said 1.0740-50. Trader stops...