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What is driving the major currency pairs after the data dump today and the sharp moves in global stock markets?
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The two currency pairs are testing support at their respective 100 hour MAs. Can sellers break below the MA level?
USDJPY buyers are keeping control at least in the short and medium term. Stay above 155.00
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The 155.00 level in the USDJPY will be eyed by buyers looking for more upside momentum going forward.
USDCAD runs higher and breaks through a series of technical targets along the way.
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The pair moved above the 100/200 hour MA and then the 100 bar MA on the 4-hour chart.
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