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Signs of the Times

Signs of the Times

We have been watching for…

Permanent Market Support Operations

Permanent Market Support Operations

The greatest flaw in central…

MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

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Daily Technical Report

AUD/USD has resumed its sharp setbacks beneath its 200-day MA which is currently holding at 1.0413. This key level is likely to encourage further downside scope over the multi-day-week horizon.

The bears must sustain below 1.0000 to further compound downside pressure on the rate’s multi-year uptrend and push back towards 0.9611.

Elsewhere, the Aussie dollar remains strong against the New Zealand dollar. However, near-term price activity is mean reverting back into the 200- day MA. Expect a sharp setback to ensue over the multi-day/week horizon.

The Aussie dollar pairing back its mild recovery against the Japanese yen, while holding above the neck-line of its two-year distribution pattern. Watch for further downside scope into support at 72.00 which would signal further unwinding of global risk appetite.

Daily Technical Report

 

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