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AUD/USD is trading weak due to higher trade deficit data, decline till 0.7500 cannot be ruled out.

Apr 02, 2015 09:11 am UTC| Technicals

RES 4: 0.7750 (200 day 4HMA) RES 3: 0.7698 (55 day 4HEMA) RES 2: 0.7660 (Apr 1st high) RES 1: 0.7615 (Tenken-Sen) PRICE: 0.7570@ 8:54GMT SUP 1: 0.7584 (100% projection of 0.79119 to 0.75594 from 0.79372) SUP...

AUD/USD nearing 6 year lows at 0.7561

Apr 02, 2015 08:48 am UTC| Technicals

Pair posted another new trend low at 0.7568 Inching closer to 6 year low from early March at 0.7561 Shorts active, target 0.7250. On a break of 0.7561 level, trail the stop lower 0.7241 was monthly low...

GBP/USD - Some consolidation is the likely scenario

Apr 02, 2015 07:44 am UTC| Technicals

Stop profit came close, 1.4869 high. Stop at 1.4875. 1.4871 was yesterdays top 10 DMA also resistance by there. Hrlies still show scope for further gains Yesterdays price action tested lower levels but closed...

USD/CAD Drop to 1.2578 spurred by US ADP jobs data miss & oil price surge

Apr 02, 2015 07:27 am UTC| Technicals

Close to half-yard 1.26 option expiry for NY cut is helping to anchor USD/CAD 1.2630 = rally high from 1.2578 (Wednesday low). 1.2588 = subsequent low WTI oil 49.65/barrel,0.9%lower on dayafter 5.2% rise Weds...

USD/JPY sees bearish setup

Apr 02, 2015 07:13 am UTC| Technicals

Failure to hold above kijun line suggests bearish bias possibility for a test of the March 30 119.11 low Tenkan kijun lines are becoming increasingly downticking Traders stay short at 120.20 for 119.20, with...

GBP/USD is struggling to break above 200 day HMA, decline till 1.4650 is expected

Apr 02, 2015 06:06 am UTC| Technicals

RES 4: 1.5061 (78.6% retracement of 1.5163 and 1.4687) RES 3:1.49937 (Mar 26th high) RES 2: 1.4920 (Mar 27th high) RES 1: 1.4863 (200 day HMA) PRICE: 1.4840@ 07:12 GMT SUP 1: ...

USD/JPY facing resistance around 120.35, market eyes NFP data for further direction

Apr 02, 2015 05:44 am UTC| Technicals

RES 4: 122.01 (Mar 10th high) RES 3: 121.18( Mar 20th high) RES 2: 120.38 (Mar 31st high) RES 1: 119.91 (200 day 4HMA) PRICE: 120.16 @ 5:23 GMT SUP 1: 119.40 (Apr 1st low) SUP 2: 119.09 (61.8% retracement of 118.32...

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