Technical Outlook For NZDUSD, EURNZD, GBPNZD & AUDNZD: 23.03.2017

March 23, 2017 12:25

NZDUSD

While six-week old descending trend-line confined NZDUSD's pullback moves from 0.6890-95 horizontal-region, the pair presently signals 0.7000 round-figure re-test. Should present profit-booking clears 0.7000 mark, the 0.6960 and 0.6940 may please short-term sellers before the 0.6890-95 area again comes into play, which if broken could make prices vulnerable to...


Chart Of The Day: AUDCAD Sustained Trend-Line Break, Signals More Downside

March 23, 2017 05:53

AUDCAD's reversal from 1.0330 dragged the pair to again challenge eleven-week long ascending trend-line on Wednesday but it failed to provide a daily closing below TL support. However, the quote did maintain its south-run on Thursday by defeating 1.0240 mark and is presently aiming 1.0175 re-test. Given the quote drops...


Important JPY Pairs’ Technical update: 22.03.2017

March 22, 2017 13:50

USDJPY

With the present run for risk-safety providing noticeable strength to safe-havens, USDJPY dropped below 111.30-50 horizontal-region and a closing break beneath the same could flash brighter chances of its extended south-run towards 110.70 & 110.20. Given the pair keep trading down after conquering 110.20 support, the 109.40 & 108.60...


Technical Talks - 22.03.17

March 22, 2017 08:41

Pair

Trend

Support 1

Support 2

Resistance 1

Resistance 2

AUDUSD

DOWN

0.7620

0.7590

0.7720

0.7740

USDCHF

DOWN

0.9915

0.9860

0.9960

1.0000

EURGBP

DOWN

0.8640

0.8600

0.8680

0.8710

Considering the AUDUSD's latest reversal from important resistance-line, the pair becomes vulnerable to re-test 50-day SMA figure of 0.7620 but an upside...


Chart Of The Day: USDCHF Struggles Around Support-Confluence

March 22, 2017 06:22

Ever since the USDCHF reversed from 1.0160-65, it kept trading southwards and flashed fresh six-week low during Tuesday; however, 0.9915-20 support-confluence, comprising seven-month old ascending trend-line and 200-day SMA, confined the pair's further downside. Presently, the quote struggles to justify its bounce and aim for 0.9960, breaking which 38.2% Fibonacci...