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Loonie faces trend line resistance at 1.2902, break above targets 1.302

Oct 16, 2015 09:51 am UTC| Technicals

USD/CAD has made a low of 1.28321 and recovered from that level. It is currently trading at 1.28950 Loonie is facing major short term trend line resistance around 1.2902 (trend line joining 1.3080 and 1.3015) and any...

FxWirePro: USD/ZAR edges higher from 7-week lows, Rand ends 2 days of strong gains

Oct 16, 2015 09:20 am UTC| Technicals

South Africas rand on Friday ended a recent rally after stronger-than-expected U.S. inflation data lifted the dollar, while stocks were expected to open higher Rand failed to breach the key 13.00 resistance level on...

EUR/USD sees strong support at 1.13500, break below targets 1.1260

Oct 16, 2015 09:08 am UTC| Technicals

EUR/USD has recovered till 1.14189 after making a low of 1.13589. It is currently trading at 1.13700. The pairs major trend line support is around 1.13500 and any major weakness can be seen below that level. Any break...

FxWirePro: Capitalize on NZD/JPY rallies to deploy shorts in put ladder for hedging

Oct 16, 2015 08:35 am UTC| Technicals

Although weve been observing some bounces we could see with a dubious eyes on Kiwi fundamentals which are not that conducive and hence, we maintain long term bearish trend in our opinion, while short term upswings could...

FxWirePro: Sell USD/JPY on rallies around 118.95-119 with SL around 119.31 for the TP of 118.01

Oct 16, 2015 07:05 am UTC| Technicals

USD/JPY has not able to break above trend line resistance 119.30, it confirms intraday weakness , a decline till 118 is possible. Any break above 119.30 will take the pair till 119.80/120.05. It is good to sell...

GBP/JPY struggles to break above 185 level, targets 182.80

Oct 16, 2015 06:54 am UTC| Technicals

GBP/JPY is facing strong resistance around 184.40 and any further bullishness only above that level. Any break above 184.40 will take the pair to next target 185/185.20 in short term. On the downside minor intraday...

FxWirePro: AUD/JPY put ratio back spreads not only mitigate downside risks but to beat higher IVs

Oct 16, 2015 06:48 am UTC| Technicals

Whats cooking with AUD fundamentals: It still seemed clear in the RBAs last statement that it would not cut rates again todays labour market report for September questions this impression. The only reason why the loss of...

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