Your Source for Daily FOREX Market News and Analysis
Your Source for Daily FOREX Market News and Analysis
NZD/USD: Gains have once again stalled out above 0.7300 and Tuesday’s bearish doji close has shown good follow through on Wednesday with the market pulling back quite sharply.
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Your Source for Daily FOREX Market News and Analysis
USD/CAD: The 100-Day SMA has proven to be a formidable support for the pair, with the market failing on multiple attempts over the past several days to close below the longer-term SMA. Look for a medium-term higher low to now be in place by 1.0255, ahead of the next major upside extension beyond 1.0850 over the coming days.
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Your Source for Daily FOREX Market News and Analysis
GBP/USD : Gains have been quite impressive over the past few sessions with the market taking out key resistance by the 200-Day SMA and closing above the longer-term SMA. This is the first time the market is above the 200-Day since January and could potentially warn of a major shift in the structure.
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