AUD/USD – Aussie Dollar to Consolidate Before Next Move?

Key Highlights The Aussie Dollar struggled recently and traded towards 0.7620-0.7600 against the US Dollar. There is a key bearish trend line forming with resistance at 0.7695 on the 4-hours chart of AUD/USD. Australia’s HIA/AiG Performance of Construction Index in Oct 2017 declined from the last reading of 54.7 to 53.2. Today in the US, the IBD/TIPP Economic Op...
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GBP/JPY – Can British Pound Overcome This Vs Japanese Yen?

Key Highlights The British Pound started a short-term recovery from the 141.80 low against the Japanese Yen,, but struggled to gain momentum. There is a monster bearish trend line with resistance at 143.10 on the 4-hours chart of GBP/JPY. Today in the UK, the British Retail Consortium (BRC) Like-For-Like Retail Sales figure for May 2017 was released, which came in at...
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EURUSD – Euro May Climb Further Vs US Dollar On Risk Sentiment

EURUSD – Euro May Climb Further Vs US Dollar On Risk Sentiment Key Highlights The Euro was seen trading higher this past week, and moved above the 1.1050 resistance against the US Dollar. There was a crucial bearish trend line on the 4-hours chart of EURUSD, which was broken near 1.1050 to clear the path for more gains. Today, the Euro Zone Retail Sales report wil...
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