The correction lower in the NZDUSD has taken the price back to the 50% midpoint of the move down from the December 2023 high at 0.61096. |
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2024-04-08
The USDCHF has now traded within 100 pips going back March 26.
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2024-04-04
The 200-day MA is at 1.08314 and that is now close support for traders
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2024-01-31
A swing area in the AUDUSD between 0.6612 to 0.6624 stalled the rise.
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2024-01-30
The EURUSD attempted to break above its 200-day and 100-hour moving averages but failed to maintain the momentum. The next targets for downside movement are the swing area between 1.08083 and 1.0824, followed by the 50% retracement level at 1.07936.
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2024-01-29
The USD is making new highs vs a number of currencies including the EUR, GBP, CHF. The AUD which was the strongest of the major currencies at the start of the US session, is retracing a good chunk of it’s gains as well. The gains come despite yields in the US which remain lower on the day with the 10 year down over 5 basis points.
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2024-01-25
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2024-01-23
AUDUSD price falls below 200-day MA and 50% midpoint, indicating bearish bias with potential downside targets ahead. However, support levels may provide resistance. Traders closely watching for further movements.
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2024-01-22
The trading range is only about 32 pips today (vs 1-month average of 63 pips)
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