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GBP/USD may reach to 1.5689 levels

Jun 16, 2015 06:30 am UTC| Technicals

Short stopped in NY. 1.5615 highs tested thus far Traders Re enter at 1.5685 by upper 21 DMA Bollinger 1.5679/May 22 1.5689 high Day studies are overbought but require a break back below the 200 DMA at ...

AUD/USD range bound in quiet trading

Jun 16, 2015 06:20 am UTC| Technicals

Pair heading towards European session with a flexible tone Sluggish session apart from liquidity void immediately after RBA minutes AUD/NZD reclaims levels 1.1100 level with no real resistance till...

USD/JPY struggles to break major resistance 124.15,decline till 122.45 is possible

Jun 16, 2015 05:20 am UTC| Technicals

USD/JPY has made a high of 123.78 after breaking short term trend line resistance 123.40. Short term trend is weak as long as resistance 124.15 holds. Break above 124.15 will take the pair further up till 125.85 in short...

AUD/NZD targeting 1.13 levels

Jun 16, 2015 03:49 am UTC| Technicals

Pair elevated last around 1.1100 and up 3.2% since RBNZ rate cut Move above 1.1000 last week targets full Fibonacci retracement around 1.1305 Buyers now reportedly set around 1.1000, coincides with...

EUR/NZD technical bias suggests up trend

Jun 16, 2015 03:26 am UTC| Technicals

Pair maintains elevated stance above 1.61 as strong uptrend continues NZD recovery not expected any time soon after RBNZ cut rates last week Pair broke above 61.8 Fibonacci 1.5967 Thursday...

AUD/JPY failed to get support above key resistance at 96.00 levels

Jun 16, 2015 02:59 am UTC| Technicals

Pair tested that level yesterday and again this morning in Asia Break above 96.05 targets June 3 trend high at 96.98 and 2015 high at 97.27 Support at yesterdays low at 95.10 with break ending 4 days of...

USD/MYR stressed by profit taking

Jun 16, 2015 02:39 am UTC| Technicals

Pair slips to 3.7440 after loss below 3.7500, traded 3.7440-3.7555 range so far Concern over weak exports, outflows remain supportive Pair last at 3.7480-3.7500, NDFs...

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