AUD/USD Is In Significant Downtrend Below 0.7250

Key Highlights The Aussie dollar declined recently and broke the 0.7180 support against the US Dollar. There is a major bearish trend line in place with resistance at 0.7135 on the 4-hour chart of AUD/USD. The NFIB Business Optimism Index in the US climbed from 107.8 to 108.8 in August 2018. Today, the US Producer Price Index for August 2018 will be released, whic...
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EUR/JPY: Is This Upside Break in Euro to Yen?

Key Highlights The Euro started a nice upside move from the 130.50 swing low against the Japanese Yen. There was a break above a crucial contracting triangle with resistance at 131.60 on the 4-hours chart of EUR/JPY. The pair could gain traction if it continues to find support near 131.50. Today, the German CPI figures for Feb 2018 will be released, which is expec...
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EUR/GBP – Can Euro Retain Gains Vs British Pound?

Key Highlights The Euro made a nice upside move from the 0.8810-0.8800 area against the British Pound. There was a break above a major bearish trend line with resistance at 0.8855 on the 4-hours chart of EUR/GBP. The Germany’s wholesale price Index in Oct 2017 posted no change, whereas the forecast was +0.4% (MoM). Today in the UK, the CPI for Oct 2017 will be r...
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AUD/USD – Aussie Dollar Breaks Key Resistance Vs US Dollar

Key Highlights The Aussie Dollar after forming a bottom, traded higher and broke a major resistance at 0.7800 against the US Dollar. There was a break above a crucial bearish trend line at 0.7800 on the 4-hours chart of AUD/USD. Australia’s Home Loans in August 2017 increased 1%, more than the forecast of +0.5%. Today in the US, the Initial Jobless Claims (Oct 7...
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NZD/USD – Why 0.7320 is Significant for Kiwi Dollar?

Key Highlights The New Zealand Dollar is trading with a positive bias, but faces a major resistance near 0.7320 against the US Dollar. There are two bearish trend lines with resistance near 0.7320 formed on the 4-hours chart of NZD/USD. New Zealand Food Price Index in August 2017 rose 0.6%, compared with the last -0.2%. The US Producer Price Index for August 2017 ...
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EUR/JPY – Euro Forming Major Top At 131.40 Vs Japanese Yen

Key Highlights The Euro is carving a major top near 131.40 against the Japanese Yen. There was a break below two important bullish trend lines at 130.50 on the daily chart of EUR/JPY. Japan’s Machinery New orders in June 2017 declined by 1.9% (MoM) compared with the +3.7% forecast. The US Initial Jobless Claims for the week ending Aug 5 2017 will be released tod...
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AUD/USD – Aussie Dollar Looking To Extend Gains Vs US Dollar

Key Highlights The Aussie Dollar moved above a major resistance of 0.7510-00 recently against the US Dollar. The AUD/USD pair broke a short-term bearish trend line at 0.7530 on the 4-hours chart to ignite an upside move. Today in Australia, the National Australia Bank Business Confidence for May 2017 came in at 7, down from 13. Today, the US Producer Price Index f...
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USDCAD – US Dollar Setting Up For More Losses Against CAD?

USDCAD – US Dollar Setting Up For More Losses Against CAD? Key Highlights The US Dollar moved down against the Canadian dollar, and it looks poised for more declines. There was a major bullish trend line formed on the 4-hours chart of the USDCAD pair, which was broken during the downside move. In the US, the Consumer Price Index will be released by the US Bureau o...
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