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EUR/NZD is currently at 1.7724 in a falling wedge in a range. We have divergence for the up move. We are looking for a continuation to the ATR Target at 1.7783 with the further target for today the 1.618 Fibo at 1.7805.
Watch the USDX for direction. The average daily true range (ATR) for the pair is 121 pips per day and its 90-day average is 142 pips per day. USDX is currently moving down.
Fed, ECB, BoE and SNB hold their final policy decisions of the yearWill they push back on rate cut expectations?US CPI and flash PMIs will be crucial tooFed to hold rates but will...
Australian dollar steady after sharp gains on Thursday US nonfarm payrolls expected to climb to 180,000 The Australian dollar is trading quietly on Friday. In the European session,...
The big yen rally has been exacerbated by positioning factors, but markets may keep speculating on a BoJ December hike unless Japanese officials protest against hawkish bets before...
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