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NZD/USD is currently at 0.6357 in a flag pattern that's formed in its channel. IF the pair can break Flag resistance, there should be continuation to the ATR target at 0.6450.
Watch for the bounce there, as well as for any change in USDX direction. The ATR for the pair currently is 90 pips per day and its 180 day average is 77 pips per day.
USDX is currently trying to go Down at the time of this post.
We are seeing plenty of volatility from the Australian dollar. AUD/USD is trading at 0.6883 in European trade, up 0.98% on the day. The Australian dollar has recovered most of its...
The major currency pair is starting a new trading week neutrally not far from 1.0430. EUR/USD remains weak. The risk of recession in many global economies is becoming more and more...
EUR/AUD is trading within a bullish channel after falling to a five-year low at 1.43173, followed by an upside corrective wave. The pair has already hit the 200-day exponential...
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