The 61.8% retracement of the move up from the October 2022 low comes in at 0.64995. Staying below is more bearish |
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The price action in the AUDUSD has been up and down today, with the lows trying to break below a lower upward sloping trend line. Those breaks have failed keeping the buyers in play.
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In this video you will learn about the latest fundamental developments for the USDJPY pair. You will also find technical analysis across different timeframes for a better overall outlook on the market.
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Topics covered in the video:
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1:43 Technical Analysis with Optimal Entries.
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2024-01-16
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In this video you will learn about the latest fundamental developments for USDJPY. You will also find technical analysis across different timeframes for a better overall outlook on the market.
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0:00 Fundamental Outlook.
2:24 Technical Analysis with Optimal Entries.
3:50 Upcoming Economic Data.
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Website: https://www.forexlive.com/
Twitter: https://twitter.com/ForexLive
Facebook: https://www.facebook.com/forexlive/
Telegram: https://t.me/forexlive
#trading #daytrading #fundamentalanalysis
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Recent data boosts USD and pushes USDCHF higher, but key resistance levels and potential downside support levels need to be monitored closely. Buyers gain confidence if support holds at 0.8528-0.8537, while breaking below 0.85185 could weaken the bias. Traders should also watch for the 100 and 200 hour MAs as additional support targets.
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